Toys ‘R’ Us targets 10 US stores by end of 2020 in comeback bid

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The company will open 6,500-square-foot stores at malls in Houston, Texas and Paramus, New Jersey, in a joint venture with retailer b8ta Inc. FMTNews

NEW YORK: The reincarnated version of Toys “R” Us is opening two stores this holiday season as a testing ground, with the hope of scaling up to 10 locations by the end of 2020.

A key part of their strategy is to provide “Instagram-able” experiences to lure shoppers into the new locations, including photo ops with Geoffrey the Giraffe, birthday parties and other events, Tru Kids Brands CEO Richard Barry said in a phone interview.Phillip Raub, the co-founder and president of b8ta, called the store test a “blueprint,” and said future locations may be bigger.

He said there are already talks about non-mall locations for the new stores they’re looking to open next year. The brand’s relaunch comes more than a year after the shuttering of its US operations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines