Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail Design & New Openings

  • Home
  • Retail Design & New Openings
  • Toys ‘R’ Us CEO Says He Wants Toy Chain to Return to New York City

Toys ‘R’ Us CEO Says He Wants Toy Chain to Return to New York City

  • Categories Retail Design & New Openings
  • Date July 13, 2016
  • Comments 0 comment

Last summer, Toys ‘R’ Us shuttered the toy retailer’s famed FAO Schwarz store. Less than half a year later, itclosed the iconic Toys ‘R’ Us flagship location in Times Square. There’s a simple reason: They were money losers.

“If the definition of a flagship store is you are going to lose a lot of money, I’m not big on flagship stores,” said Toys ‘R’ Us Chief Executive David Brandon during this year’s Fortune Brainstorm TECH conference. He explained that traditional flagship stores—massive behemoth locations with several floors full of inventory—can’t always afford to be profitable these days. At least not in the toy industry, where average orders are too small and margins are too thin to make money.

There’s a reason why Toys ‘R’ Us needs to be purposeful about how it invests these days. It operates in the very competitive $19.4 billion U.S. toy market whereWalmart  WMT 0.07% , Target  TGT 0.18%  duke it out in the brick-and-mortar side of the business. AddAmazon.com  AMZN 0.32%  into the mix, and you’ve got an even more competitive e-commerce rivalry. Brandon says Toys ‘R’ Us generates about $1.4 billion in annual revenue from the website today, but he admits that business should be “double or triple” that size.

That explains why Brandon finds himself at a tech conference. Toys ‘R’ Us is a specialty retailer that generates billions by selling dolls, toy cars, action figures and bikes. But it needs to think more digitally than ever before it if wants to stay competitive, especially as a specialty retailer with such a narrow focus.

From: Fortune

  • Share:
gsiino

Previous post

Steinhoff gets its European deal with $800 mln Poundland buy
July 13, 2016

Next post

Dyson's first UK store will blow you away
July 13, 2016

You may also like

Senza-titolo-1
The Supermart by ZALORA x adidas opens at Bugis Junction
6 August, 2022
mangoteen
Mango Teen opens new store in Barcelona
27 July, 2022
solana
Crypto project Solana is opening a store in NYC. Take a look inside
27 July, 2022

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Walmart Has a New Idea to Take on Amazon
10Aug2022
The Supermart by ZALORA x adidas opens at Bugis Junction
06Aug2022
Brands are getting creative with being real
02Aug2022
Mango Teen opens new store in Barcelona
27Jul2022
Crypto project Solana is opening a store in NYC. Take a look inside
27Jul2022

Twitter:

GRA_World Follow

An association made up and dedicated to the retail industry world's leading companies. Become a member today!

Gra_World
Retweet on Twitter GRA_World Retweeted
meshaalbomairh Meshaal Bin Omairh @meshaalbomairh ·
19 May

Very happy to announce that I am now a member of the GRA, one of the world’s most important associations for #retail industry leaders.
يسعدني جدًا أن أعلن أنني أصبحت عضوًا في GRA ، وهي واحدة من أهم الجمعيات في العالم لقادة صناعة البيع بالتجزئة: https://twitter.com/Gra_World/status/1526975525411033089

gra_world GRA_World @gra_world ·
20 May

🚀Los invitamos al próximo #webinar #GRA donde un panel de líderes de #Latinoamerica van a compartir tendencias, experiencia y el futuro de #Marketplaces✍🏻: https://bit.ly/3yNggfI

Load More...

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy