Toys R Us is making a triumphant return, with plans to open stores across various platforms, including airports and cruise ships. Despite facing bankruptcy and closing all its stores in 2018, the iconic toy store is attempting another comeback under the ownership of WHP Global. Here are some key questions and answers about Toys R Us’ revival:
Has Toys R Us reopened?
Yes, Toys R Us has reopened with plans for expansion.
Is there still a Toys R Us in the USA?
Yes, there are plans to open Toys R Us stores in the USA.
What is Toys R Us’ competitive advantage?
Toys R Us aims to leverage its well-known brand and expansive product offerings to compete in the toy retail market. Additionally, its partnership with Macy’s and the introduction of flagship stores provide unique opportunities for growth.
How did Toys R Us make a comeback?
Toys R Us made a comeback through its acquisition by WHP Global, which has led to increased global retail presence, including partnerships with Macy’s, and plans for new flagship stores and expansion into airports and cruise ships.
WHP Global, the parent company of Toys R Us, announced its ambitious “air, land, and sea” expansion strategy. The first airport store is set to open in November at Dallas Fort Worth International Airport in collaboration with Duty Free Americas. Stores at cruise ship locations will offer cruise-themed merchandise, although specific cruise lines and locations were not disclosed.
Furthermore, Toys R Us is set to open 24 flagship stores in partnership with Go! Retail Groups, beginning during the 2024 holiday season. These flagship locations will complement the existing 452 Toys “R” Us shops already operating within Macy’s stores across the country. Notably, Toys “R” Us marked its US return with a flagship store at the New Jersey American Dream Mall in 2022.
Since WHP Global’s acquisition of Toys R Us, the brand has seen significant growth, expanding its global retail footprint by over 50%, encompassing more than 1,400 stores and e-commerce sites across 31 countries. Toys “R” Us’ resilience and determination to make a comeback reflect its enduring appeal to customers and the company’s adaptability in the ever-evolving retail landscape.