In addition to the press release below, check out this AP article found on Yahoo.com - it has more comments from Toysrus.com about their plans for opening their own online store in Summer 2006.
Toysrus.com Prevails in Amazon Litigation
WAYNE, N.J. -- March 2, 2006 -- Toys "R" Us, Inc. today announced that Toysrus.com has prevailed in its litigation with Amazon.com in a suit that was filed in May 2004. The decision will be rendered today by the Chancery Court in New Jersey. Pursuant to the company's original litigation objective, the verdict severs the August 2000 agreement between the two companies and allows Toysrus.com to run an independent retail website.
"We are pleased that the court reached a verdict favorable to Toys "R" Us in the company's litigation with Amazon.com," said David J. Schwartz, General Counsel for Toys "R" Us, Inc. "Our goal was to protect the Toys "R" Us brand while continuing to provide a positive shopping experience for our online customers. This ruling allows us to do that."
"We have been preparing for today's decision and expect to provide seamless online access for our customers to the world's greatest toy store at www.toysrus.com," said John Sullivan, Senior Vice President of Toysrus.com. "Tighter integration of our online business with our brick and mortar locations will enhance customer service by creating a more unified web and retail shopping experience."
About Toys "R" Us, Inc.
Toys"R"Us is one of the leading specialty toy retailers in the world. It sells merchandise through more than 1,200 stores, including 639 toy stores in the U.S. and 641 international toy stores, including licensed and franchise stores as well as through its Internet sites at www.toysrus.com, www.imaginarium.com and www.sportsrus.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 230 stores in the U.S. as well as on the Internet at www.babiesrus.com.
