Last year Toys "R'' Us lost its crown as No. 1 toy retailer in the U.S. to Wal-Mart Stores. On the Web, eToys and Amazon.com have been aggressive toy retailers and Walt Disney Co. this week joined the fray by taking a major stake in online retailer Toysmart.com.
Mr. Goldstein said Mr. Nakasone's decision to resign was based on "differing views regarding the direction of the company.'' Mr. Nakasone also resigned his seat on the company board.
Toys "R'' Us recently named Leo Burnett USA, Chicago, to handle advertising for its stores and online division.
Copyright August 1999, Crain Communications Inc.