Amazon Hits Back at Toys "R" Us
Amazon.com (AMZN Quote) has fired back at Toys "R" Us (TOY Quote) in the companies' dispute over a marketing agreement, charging in a counter-suit that the toy retailer broke the agreement and is asking for damages in excess of $750 million.
Toys "R" Us did not live up to its obligation under the disputed deal to identify hundreds of top-selling toys and baby products, Amazon charged. The toy chain also failed to keep Amazon's virtual shelves stocked, especially during the holiday season, Amazon said in its complaint.
Toys "R" Us' "chronic unwillingness or inability .... to offer a comprehensive selection of top-selling toys and games and baby products on the Amazon.com Web site, and to keep those items in stock .... causes real harm to Amazon," the e-tailer alleged in its counter-suit. "Such harm includes lost product sales revenue, damage to Amazon.com's brand, and Amazon.com's inability to offer a comprehensive .... selection of products." ...
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