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Toys "R" Us is the world's leading dedicated toy and baby products retailer,
offering a differentiated shopping experience through its family of brand .
Toys “R” Us is the largest toy-centered retailer and the second largest overall
toy retailer in the United States.
Toys “R” Us Inc. is a toy store chain headquartered in Wayne, New Jersey, United
States and also has locations in Europe, Asia, Oceania, Africa, Finland, Canada
and Australia.
The company sells merchandise in more than 1,550 stores including 849 toys r
us and babies r us stores in the united states, and more than 700 international
stores in 33 countries, consisting of both licensed and franchised stores .
The flagship store in New York City's Times Square (1514 BROADWAY NY) is
the largest toy store in the world, featuring a colorful Ferris wheel.
Toys "R" Us considered splitting its toys and baby businesses.
Toys "R" Us operated as a public company from 1978 until July/21/2005 .
At that time, an investment group consisting of affiliates of Bain Capital Parners
LLC, Kohlberg Kravis, Roberts & Co. (KKR), and Vornado Realty Trust (NYSE:
VNO) completed an acquisition of Toys R Us business ( With $1.3 billion in new
equity).
CAUSE : [In an effort to improve its company, the Board of Directors installed
John Eyler, formerly of FAO Schwarz.
Eyler launched an unsuccessful, and very expensive plan to remodel and
re-launch the chain.
Blaming market pressures (primarily competition from Wal-Mart and Target). ]
[Closure of 87 stores]
On January 9, 2006, Toys "R" Us announced that 87 stores in the United States
would close that year, most closing within the spring. Twelve more stores were
to be converted to the "Babies "R" Us" format.
Approximately 5,000 jobs were eliminated as a result of the closures.
ACHIEVEMENTS
Toys “R” Us is the largest toy-centered retailer and the second largest overall
toy retailer in the United States.
With its strong portfolio of e-commerce sites including :
Toysrus.com, Babiesrus.com, eToys.com, FAO.com and babyuniverse.com,
Toys R us, provides shopper with an unparalleled online selection of distinctive
toy and baby products . The company also operates Toys.com, which offers
customers exclusive deals from the company's e-commerce sites .
Toys “R” Us has expanded its range of private label toys and sought more
exclusive products offerings from the big toy-makers, seeking to differentiate
itself from its discount rivals.
HISTORY
Amazing place with collection of almost all toy and other play related
needs.
RECENT DEVELOPMENTS
[Toys R Us Express]
For the 2009 holiday shopping season, Toys "R" Us decided to try a
smaller store concept to attract customers.
To that effect, 90 "Holiday Express" stores across the United States and
Canada were opened during the 2009 Christmas shopping season.
The Holiday Express stores are much smaller than regular Toys "R" Us
locations, often located in malls, and offer a more limited selection of
merchandise than would be available at a normal sized standalone
Toys "R" Us store.
Toys "R" Us original plan was to keep the Holiday Express stores open
until early January 2010 and close them shortly thereafter, but the success
of many of them prompted the company to reconsider and several were
kept open.
These stores are now branded "Toys "R" Us Express".
Beginning in June 2010, Toys "R" Us began opening more Express
locations nationwide, with 600 stores eventually opening. In addition to
those 600 stores, four Express locations were converted to
Toys "R" Us Outlet stores.
PROMOTION
Lots of discounted offers in store : they sell above toy on discount for 34 dollars.
Toys r us applies a lot of offers on different products such as :
BRAND VALUES
Toys “R”US international has become a worldwide toy phenomenon, embodying
a customer philosophy of quality, value and selection under one roof that
resonates with parents around the globe .
BIG BOX: Toys are placed on different levels but the real attraction is the Ferris Wheel .