The toy retailer's media duties previously
$30 million less TV spending
The change in media agencies comes as the struggling retailer is slashing its ad spending. This year, it cut $30 million from its TV commitments and let go two marketing officers, including Chief Marketing Officer Warren Kornblum. Those cuts were part of broader efforts to pare down spending. In August, Toys 'R' Us executives said the company was trying to cut $125 million in expenses from its U.S. toy business by fiscal year 2005.
The toy retailer spent $116 million on measured media in 2003, according to TNS Media Intelligence/CMR.
The Toy 'R' Us account is the second major win in as many weeks for Mediaedge:cia, which last week won Paramount Pictures' $480 million account.