- Without Toys R Us, an $11 billion toy industry has been left with no clear market leader.
- British
toy retailer Hamleys is close to finalizing a deal where it would
secure roughly 30,000 square feet at 2 Herald Square, near Macy’s and
Victoria’s Secret, a person familiar with those negotiations tells CNBC.
- The company is looking to grow in the U.S., as retailers like Walmart and Target are trying to sell more toys.
Without Toys R Us, an $11 billion toy industry has been left with no clear market leader. Companies like Target, Walmart, Amazon and Kohl’s
are trying this holiday season to sell more toys to kids and their
parents, but the verdict is still out on which company will best fill
the void that Toys R Us left behind. Seeing a huge opportunity, one
iconic, international toy retailer could soon make its first move into
the U.S. with a flagship location in New York, and plans for a wider
rollout of stores to follow.
...more RSK: Someone has to pick up the slack. I like Kohls model myself but you cannot survive on a few Holidays per year in the toy market...
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