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Business

Tru Kids is planning new stores, websites, reports says




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Take a trip back to the younger days with one of the country's most famous chains.
USA TODAY

Toys R Us is ready to come back under a new name and with a much smaller footprint.

Almost exactly a year after the remaining Toys R Us stores were closed at the end of June 2018, Bloomberg is reporting that a new e-commerce site and half a dozen stores can open later than on holiday shopping.

Richard Barry, formerly global leader of Toys R Us and president and CEO of the new Tru Kids Inc. Bloomberg, has reported showing his visions to toymakers to revive the chain, reporting that people knew about the plans.

The new vision includes smaller shops around 10,000 square meters, which will eventually provide more experiences, such as play areas. Many of the toys R Us stores that closed last year were around 30,000 square meters.

Shop rods 2019: CVS, Payless and Victoria's Secret are just some of the brands that close stores [19659000] Life after babies R Us: Walmart and Target expand baby options and toys

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One year after Toys R Us closed, toy manufacturers are still adapting to loss of shelf space. That means you beat many styles, consider how they sell big toys and change the packaging to push into smaller space with retailers. (April 9)
AP

In February, the new company announced in a statement that it began doing business on January 20 as Tru Kids Brands and was the "proud parent of Leker" R "Us, Babies" R "Us, Geoffrey and more than 20 established consumer toys and baby brands. "

On June 5, the new company announced that it was back to Australia and debuted in New Zealand.

Digital update: ] Mattel redirects Hot Wheels to new digital generation

Toys R Us has a new owner who wants to Make an American comeback. (Photo: Tru Kids Brands)

Tru Kids will be based in New Jersey and its workforce includes a team of former Toys R Us employees.

"We have once in a lifetime to write the next chapter of Toys R Us, by launching a newly portrayed omni channel retail for our beloved brands here in the United States," said Barry in February 1965, statement statement. [19659005] A spokesman for Tru Kids told Bloomberg that it was not ready to publicly share details of his US strategy.

Contributor: Melanie Anzidei, North Jersey Record

Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko

Read or Share this story: https://www.usatoday.com/story/money/2019/06/21/toys-r-us-comeback-tru-kids-new-stores/1533632001 /



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