Toys R Us Overhauls Management Ranks

Toys R Us, Inc., the nation’s largest toy seller, Wednesday announced a management shakeup as it reported its 1997 earnings will fall short of expectations after a tough holiday season.

Robert Nakasone, who has been with Toys R Us for 13 years, will become chief executive of the Paramus, N.J.-based company, replacing Michael Goldstein, who will become chairman.

Bruce Krysiak, who heads the discount chain Dollar General Corp., replaces Nakasone as president and chief operating officer.

“The steps that the company has taken over the last few years have not been successful at stimulating sales and profit growth,” said Sean McGowan, a toy industry analyst at Gerard Klauer Mattison. “This new management team will have to rethink the strategies of how to get consumers to buy toys.”