Toys R Us To Offer Online Discounts On July 12

Toys R Us said Monday that it will offer shoppers who purchase from the Toys R Us and Babies R Us e-commerce sites 15% off all regular-priced items on July 12. In addition, there will be more than 50,000 toys and baby products on sale across the sites. There's free shipping on orders of $19 or more. Amazon.com Inc.'s Prime Day is also taking place on July 12, with shares reaching a record high ahead of the event. "We know your next question will be, 'Is this a response to Amazon's Prime Day?'," Toys R Us wrote in an email."Our answer: We know that retail is a highly competitive environment and we want to make sure that everybody has the opportunity to save, no membership required." Wal-Mart Stores Inc. has also announced price discounts and free shipping promotions ahead of Prime Day.