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Edition: U.S. Article Comments (0) Editor's Choice Microsoft puts Office in the cloud, confronts Google Benefit of mammograms even greater than thought American climate skeptic Soon funded by oil, coal firms Russian scientists expect to meet aliens by 2031 FX meets Facebook, and retail trade gets transparent Venture firms seek light green tech bets Near-Earth asteroid passes over Atlantic Ocean "Start-stop" seen tripling in new cars by 2016 Video: Supreme Court says: Game on! Slideshow: The Midwest floods Follow Reuters Facebook Twitter RSS YouTube Read Special Report: A little house of secrets on the Great Plains | 11:31am EDT Bachmann facing scrutiny as top-tier candidate | 12:14pm EDT Radioactive water leaks from Japan's damaged plant | 12:50pm EDT Microsoft rolls out Office in the cloud 11:51am EDT Father killed when tree falls on tent in campground 2:56pm EDT Discussed 221 Biden deficit-cut talks hit impasse: Rep. Cantor 139 CBO sees government benefits swamping U.S. economy 113 Fragile economy pushed Obama to tap oil reserves Watched A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 China's luxury fast train debuts Mon, Jun 27 2011 Toys R Us sees Web sales growing significantly Tweet Share this Email Print Related News Office Depot: FTC view stops mergers Mon, Jun 27 2011 LeapFrog open to being bought: CEO Mon, Jun 27 2011 Prada's $2.1 billion IPO makes modest HK debut Fri, Jun 24 2011 Best Buy ups dividend, sets $5 billion share buyback Tue, Jun 21 2011 Spire to take on Gilt Groupe's Jetsetter Tue, Jun 21 2011 Analysis & Opinion Perils of disaster fixation Samsonite makes HK listings look less luxurious Related Topics Technology » By Dhanya Skariachan and Alistair Barr NEW YORK | Tue Jun 28, 2011 1:48pm EDT NEW YORK (Reuters) - Toys R Us, the world's largest toy retailer, sees online sales at least doubling in the next five years, its chief executive said. "I'd be disappointed if we didn't do more than that," CEO Jerry Storch told the Reuters Global Consumer and Retail Summit in New York. "There's a change in the paradigm for how we think about the Internet. This change has arrived. What did we sell online or in the store? Everyone has to stop thinking like that. I almost always check online first before going to a store," Storch said. The company, which is looking to go public, said an initial public offering would depend on both the state of the markets and on company-specific factors. Storch did not comment further on the timing of the potential IPO. One source told Reuters in April that no final decision on the IPO's timing had been made, but the company and its private equity backers were discussing whether they might get a higher price if they allow the company more time to recover from weaker-than-expected Christmas sales. Another source said that the IPO could be in July. The New Jersey-based retailer, which operates stores under its namesake brand and the Babies R Us and FAO Schwarz labels, filed for an IPO of up to $800 million last May. (Reporting by Dhanya Skariachan and Alistair Barr, editing by Matthew Lewis) Technology Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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