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Article: Could category killers reshape music retailing? (The Music Trades Top 200: America's Leading Music Products Retailers)
- Article from:
- Music Trades
- Article date:
- July 1, 1994
CopyrightCOPYRIGHT 1994 Music Trades Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Toys R Us Killed The Local Independent Toy Stores. Could The Same Thing Happen In Our Industry?
Wherever we open a store, we expect to command upwards of 50% of the market within six months. Our combination of location, price, and selection gives a lot of smaller retailers a tough time." Charles Lazarus is discussing the awesome marketing clout of Toys R Us, the $9.7 (sales) billion retailer of toys and children's clothing that he founded. Over the past 25 years Toys R Us has evolved from a single-store operation in Edison, New Jersey, into a retailing colossus with 752 stores, 47,000 employees, and a nearly 50% share of the $16 billion U.S. toy market. The ...
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