1、2023 Annual ReportContentsOur story 01Chairs Letter 02CEOs Letter 04Directors Report 06Financial Statements 27Shareholder Information 89Corporate Directory 91 At Toys”R”Us,we believe that toys have the power to change lives.Play enables children to develop their imagination,collaborate,problem solve
2、,explore,create or simply express themselves spontaneously.Our mission at Toys”R”Us is to encourage children to engage with as many forms of play as we possibly can.We have relaunched in 2019,as a new company,to bring play back into the lives of children of all ages.Our storyToys“R”Us ANZ LimitedAnn
3、ual Report 202301current shopper database with aims to double within the next 12 monthsThe financial results for FY23 were very disappointing with the Company failing to navigate a technology,marketing and operational pathway through a challenging macro environment.This has led to a change of leader
4、ship in your Company,and its business activity.During FY23,Toys”R”Us ANZ achieved overall flat revenue with high inflation and low consumer confidence impacting the toy market globally.In ANZ,top line revenue declined by 15.2%,largely driven by lower e-commerce revenue.With a greater focuslater in t
5、he year on driving profitability,theoverall profitability in ANZ was similar toFY22.The UK market,delivering sales belowforecast,placed unsustainable working capitaldemands on the group,well in excess of thosepreviously forecast by management.This ledto the decision to exit the UK business.By end of
6、 H1 of FY23 the Board of Directors agreed to instigate a full strategic review of the Group in the post-holiday season of 2022.Dear Fellow Shareholders,on behalf of the Board of Directors,I present the 2023 Annual Report for Toys“R”Us ANZ Limited(ASX:TOY)(“the Company”)Chairs LetterOn 10 May 2023 th