Toys "R" Us is opening a new store ... again
CNN
Toys "R" Us is opening a new store about a year after a planned relaunch of its brick-and-mortar presence failed.
The retailer's parent company, WHP Global, announced it will open a store at New Jersey's American Dream mall in mid-December. In a press release, the company said the 20,000 square foot, two-story location is "reminiscent of the beloved toy store customers know and love," and includes an ice cream parlor, multi-level slide and, of course, rows of toys for purchase.
Federal Reserve officials have been saying for months they need to see more convincing data demonstrating that inflation is on a sustainable path to 2% before they can feel comfortable cutting rates. Last month’s unexpectedly hot Consumer Price Index report is the exact opposite of that. That’s why Fed Chair Powell conveyed on Tuesday the central bank won’t be cutting interest rates any time soon.