Toys ‘R’ Us Anz Limited (AU:TOY) has released an update.
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Toys ‘R’ Us ANZ Limited has announced a successful $2.49 million equity raise and additional funding arrangements to bolster inventory before the Christmas season, signaling a strategic move to strengthen its House of Brands. Despite inventory limitations impacting quarterly sales, the company has reported improved product margins and is optimistic about future growth, particularly after integrating the RIOT Art & Craft business and enhancing their technology infrastructure.
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