Toys R Us Announces Plans To Reopen By 2019 Holiday Season After Closing All Stores Last Year
By Fox Business // June 21, 2019
ABOVE VIDEO: Toys ‘R’ Us coming back from the dead?
(FOX BUSINESS) – Toys R Us is expected to reopen stores just in time for the 2019 holiday season.
Though the toy retailer closed down last year, Toys R Us is expected to launch an e-commerce site and several stores in the U.S. later this year, according to Bloomberg.
The new stores are expected to be about a third of the size of traditional Toys R Us outlets, but with play areas and other experiences, the outlet reported.
To reduce costs, the stores could use a consignment inventory model, where the company would be able to return items that aren’t sold, Bloomberg reported.
A former executive of the company, Richard Barry, has been trying to bring back the chain by pitching his ideas out to toy makers, sources told the outlet. Barry is now the CEO of Tru Kids, Inc., a new company that took over the Toys R Us brand earlier this year .
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