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Babies "R" Us to take over Union Sq. space.


Toys "R" Us Toys "R" Us (currently typeset as ToYsЯuS in the logo) is a toy store chain based in the United States, Canada, Australia,The Netherlands, South Africa, Hong Kong and the United Kingdom. , Inc. announced that it will open the first Babies "R" Us store in Manhattan. The new Babies "R" Us store is expected to open by holiday 2005, replacing the Toys "R" Us store that currently occupies the space at 24-30 Union Square East in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

"The growth of Babies "R" Us certainly supports the expansion in Manhattan," said Rick Markee, President of Babies "R" Us. "We're excited to open in this high traffic retail location in late 2005 and to offer parents and caregivers of the more than 100,000 babies born in New York City each year the best selection of newborn newborn /new·born/ (noo´born?)
1. recently born.

2. newborn infant.


new·born
adj.
Very recently born.

n.
A neonate.
 and infant merchandise for their families."

The newly furbished Babies "R" Us Union Square store will continue the tradition of the Babies "R" Us unparalleled shopping experience including the state-of-the-art Baby Registry and the largest selection of juvenile products--including furniture, strollers, car seats, infant care products and more.

"We've been looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 some time for the right home for Babies "R" Us in Manhattan," said John Eyler, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and Chairman of Toys "R" Us, Inc., "With the success of Toys "R" Us Times Square, we felt our shareholders and customers would be best served if we converted the Union Square location to a Babies "R" Us store.

"Plans to convert the Union Square store space are underway and Toys "R" Us is committed to maintaining an exceptional level of service throughout this holiday season and the conversion process."

Toys "R" Us, Inc. began the conversion process by initiating a clearance sale at the Union Square store on December 26.

Mr. Eyler added, "We would like to thank those who patronized pa·tron·ize  
tr.v. pa·tron·ized, pa·tron·iz·ing, pa·tron·iz·es
1. To act as a patron to; support or sponsor.

2. To go to as a customer, especially on a regular basis.

3.
 the Union Square store and we hope that you will continue to show your support for Toys "R" Us by visiting us at our international flagship store in Times Square where we offer the broadest selection of toys in New York City."

Financial woes prompted Toys 'R' Us to announce last month that it expects to separate its Toys "R" Us business from the Babies R Us operations in the first half of 2005. Babies "R" Us is the largest baby product specialty store Noun 1. specialty store - a store that sells only one kind of merchandise
shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod"
 chain in the world and a fast-growing division that sells baby furniture, apparel and accessories.

The Union Square store will be closed in February or March for renovations.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 5, 2005
Words:390
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