President of Toys"R"Us, Canada Tapped to Lead Company's Japanese
WAYNE, NJ, Oct. 29 /CNW/ - Today, Toys"R"Us, Inc. announced that Monika
Merz has been promoted to Chief Executive Officer for Toys"R"Us, Japan,
effective November 15. Ms. Merz currently serves as President, Toys"R"Us,
Canada. In her new role, Ms. Merz will be responsible for all aspects of the
company's owned and franchised operations in Japan. She will report to Kei
Kodera, Representative Director, Chairman and President, Toys"R"Us, Japan, and
will be based in Tokyo.
Claire Babrowski, Chief Operating Officer and Executive Vice President
for Toys"R"Us, Inc. said, "Monika is a highly regarded leader, whose
innovative strategies have provided continued growth for our Canadian
business. Under her leadership in Canada, Monika's team developed new store
formats and merchandising concepts that were successfully translated to other
markets where we do business. We look forward to Monika's experience, energy
and enthusiasm in bringing global synergies to her new position as we further
grow our Japanese business. She and Kodera-san will make a dynamic team."
In discussing her new position, Ms. Merz said, "I am extremely excited
about the opportunity to contribute to our global business, and I look forward
to working with the leadership team in Japan to identify new business
opportunities and bring best practices from across the company to strengthen
our position in this important global marketplace."
Ms. Merz joined Toys"R"Us, Inc. in October 1996 as Vice President and
General Merchandise Manager for Toys"R"Us, Canada. In this capacity, she
oversaw all aspects of merchandising and marketing for the company's Canadian
operations. In 2000, she was promoted to President of Toys"R"Us, Canada, where
she helped expand the Canadian business to 67 locations.
Ms. Merz holds a Bachelor's of Art from the University of Guelph in
About Toys"R"Us, Inc.
Toys"R"Us is the world's leading specialty toy retailer. Currently it
sells merchandise through more than 1,500 stores, including 586 stores in the
U.S. and 707 international toy stores, which includes licensed and franchise
stores, and through its Internet site at www.Toysrus.com. Babies"R"Us is the
largest baby product specialty store chain in the world and a leader in the
juvenile industry, and sells merchandise through 257 stores in the U.S. as
well as on the Internet at www.Babiesrus.com.
This press release contains "forward looking" statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered by the safe
harbors created thereby. All statements herein that are not historical facts,
including statements about our beliefs or expectations, are forward-looking
statements. These statements are subject to risks, uncertainties, and other
factors, including, among others, risks, uncertainties and factors set forth
in our reports and documents filed with the United States Securities and
Exchange Commission (which reports and documents should be read in conjunction
with this press release). We believe that all forward-looking statements are
based on reasonable assumptions when made; however, we caution that it is
impossible to predict actual results or outcomes or the effects of risks,
uncertainties or other factors on anticipated results or outcomes and that,
accordingly, one should not place undue reliance on these statements.
Forward-looking statements speak only as of the date they were made, and we
undertake no obligation to update these statements in light of subsequent
events or developments. Actual results and outcomes may differ materially from
anticipated results or outcomes discussed in any forward-looking statement.
For further information:
For further information: Kathleen Waugh, Toys "R" Us, Inc., (646)
366-8823, (973) 617-5888, firstname.lastname@example.org