Toys 'R' Us will create separate E-commerce unit

Article Abstract:

Toys "R" Us announced that it will make its e-commerce site a separate subsidiary to take advantage of the growing online toy market and gain an edge over the current online leader, eToys. Toys "R" Us will invest $80 mil into the new subsidiary and will buy for $30 mil a 500,000-sq-ft distribution center that can accommodate over $1 bil worth of annual orders. It is laso reported that Benchmark Capital, a venture capital firm from California, invested $10 mil in the e-commerce unit of Toys "R" Us.

Hobby, Toy, and Game Stores, Hobby, Toy & Games Stores, Toys "R" Us Inc.

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Nordstrom promotes new golf line

Article Abstract:

Nordstrom Inc, the department store chain based in Seattle, WA, is promoting its spring 1999 Callaway Golf Apparel and Footwear private label collection with a minicatalog and a specialty Web site. The retailer also plans to use prize promotion to boost sales of the collection at its 99 stores. The Web site (www.nordstrom.com/callaway) includes a link to the Nordstrom personal shoppers service, but does not support online purchasing.

Other Footwear Manufacturing, Department Stores, Department Store Chains, Golf Shoes, Nordstrom Inc.

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