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Toys "R” Us CEO Jerry Storch on the internet shipping business and hot holiday toys this retail season.
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Well America saying there -- taxed enough already except except.
When it comes to stuff that they -- -- line now we're learning.
-- majority of people actually support and all line sales tax now that's not good news from Toys 'R' Us is CEO Jerry -- he's the answer that.
Is actually the fastest growing part of the business.
Jerry joins us now welcome to show great if that's so funny how times change our remember have been about a decade or so -- the -- is gonna put you -- that a business and toys dot com had -- that credible market valuation now here you are to a certain degree.
-- worried about an Internet sales that.
Not at all I gotta tell you because it Toys 'R' Us dot com we collect sales tax so do all the inner -- to bricks and mortar company.
What what what their -- always been is the inner only companies -- not been collecting sales tax so now it looks like it's imminent.
It's totally -- gonna go would that -- -- that level playing field I think it's been ridiculous and as a middle liberal level playing field.
So now to look -- the future everyone admits.
Including including Peter only companies that there should be a level playing children average collect the sales -- to communities needed state local -- -- You know -- also -- because I did talk about the good old days of the Internet bubble.
I don't know that the Internet has necessarily lived up to the -- but it feels like only now I when I look at these earnings reports that only now the traction that we see.
Certainly I don't know that's gonna put brick and mortar businesses out I mean do you think that that's gonna happen now is that the inevitable part of -- that bricks and mortars go away but.
View it as one or the other in fact of model of the future for retail is what we call the on the channel model.
The superior model for retaliatory have both bricks and mortar.
And Internet in the same brand customers want to relate to the brand in new business and they want to at Toys 'R' Us.
There are 81 different ways you can do -- of the best you -- order on yourself some.
And go and pick it up in the store you can you can buy at your home and have -- sent to someone in California.
You can go in the store and a shop in the story of the old fashioned way we don't care how you do it.
Customers -- relate to us and want -- shot Toys 'R' Us for toys so the Internet and bricks and -- are coming together and making -- powerful and exciting combination for consumers.
Jerry I know we're gonna get off the Internet because you brought a lot of toys but before we do.
I just I know you don't like this topic but you collector misquoted but the idea that that that's attributed to you thing.
That the Internet is is less -- friendly has -- met with a lot of ridicule around the world I may say.
You know what's that all about that's apps.
-- not what I said I was talking about home delivery.
And having to deliver Procter on the Internet is all about the -- channel future.
Where you can pick it up in the way that makes the most sense for you the most -- economically and ecologically that's -- -- not orders one book over the Internet and it does ultimately have to be delivered to somebody's house is that is that.
Does that problematic is that something we should be fifty pounds I think there needs more study it totally depends on whether or not the customer would made multiple stops.
On one trip -- moment they take that -- the store.
Whether it would just gone out of the -- and come back so it totally depends on says it requires further study and it clearly does -- you care about -- are you wanna study what happens.
Meanwhile we run on Internet business over a billion dollars I love the Internet amount against the Internet.
At the fastest growing very business so I'm more than happy to should be want to -- things -- homes if that's what they wanted to wanna come after picking up.
That's ground and know what are you gonna be -- people's own because you brought a lot of interesting things I -- got a little because I don't recognize.
Any of this stuff wasn't -- and well -- this is the hottest toy of the year Toys -- Us right now this -- -- -- It's a Toys 'R' Us designed.
Tablet for kids it plays all the popular apps like you know Angry Birds as learning application -- it for a 14999.
You cannot beat it.
And instead of your job and playing with your iPad and -- -- you can get -- their own -- -- -- 140 and I -- nine at Toys 'R' Us.
And everybody's happy and it's very strong and durable and has parental -- so you can control where they going -- -- to make sure they don't go to the -- thoughts on the other stuff again well this year this is undercut junior because.
LEQ.
And electronic course and you can't -- that for companionship right and you know it's a fantastic toy.
That that does far more than I'm sure -- right now but it I've -- not careful so it'll it'll dominate or.
Okay have we don't have a -- -- that I know Israel unrealistic listen.
Fiscal cliff before I let you go out of we're starting here now consumers -- -- say hey listen you know what I don't know what it is but it sounds dangerous -- -- that's been as much.
How much pressure do you -- under or are you concerned about Washington getting their act together.
Sooner rather -- -- Well what we've seen is that in good times or bad the last thing the parents cut back on the holiday present for their kids we -- we went through 20082009.
Christmas is at the absolute depths of the recession.
And we still did find toys -- -- people still came.
To -- the hot toys you can -- -- -- we have in our stores starting Black Friday.
All right.
-- we had a great discussion you clean up the Internet time that you had a commercial and improve the Toys 'R' Us is still the place to be -- all right thank you appreciate it.
Well you know if you're worried about four more years.
