TRU Appoints Interim CEO
Toys “R” Us appointed Antonio Urcelay, the current head of its European operations, as interim CEO. Urcelay replaces Gerald Storch, who continues to serve as chairman of the board. Toys “R” Us announced in February that Storch would step aside as chief executive. Storch continued as CEO during the transition, but that role has ended with Urcelay’s appointment. The company says it is searching for a permanent CEO.
Urcelay will continue to serve in his current role as the president of Toys “R” Us, Europe, a job he has held for three years.
Target, Warner Bros. in DC Entertainment Deal
Target and Warner Bros. Consumer Products, in partnership with DC Entertainment, have teamed up to introduce an extensive summer collection of exclusive Justice League merchandise. The summer collection was inspired by DC Comics—The New 52 comic book character designs. Featuring the full lineup of DC Comics’ Justice League Super Heroes—Aquaman, Batman, Cyborg, The Flash, Green Lantern, Superman, and Wonder Woman—the summer collection launch at all U.S. Target stores and on Target.com on May 19.
In addition to the exclusive summer collection, Target will be part of a broader partnership with Warner Bros. Consumer Products that will offer more traditional Justice League licensed products. The broader partnership will span more than 20 categories including home, stationery, toys, apparel, and accessories. Target will also offer Justice League Halloween costumes for kids later this year.
Flash-Sale Site Totsy Laying Off Staff
Crain’s New York Business is reporting that flash-sale website Totsy is laying off its 83-person staff. The layoffs are expected to take place by the end of the month. For the full story from Crain’s click here.