The biggest nostalgia hit is coming to the UK as Toys R Us is set to return. After going bust back in 2018, struggling to compete in the new age of online shopping its UK and US stores closed much to the upset of Millenials who’ll remember many a trip to the huge toy store.
The parent first of both Toys R Us and Babies R Us unexpectedly announced that it had signed a long-term exclusive licence agreement to relaunch the stores across the UK from 2022 onwards (hurray).
Both the Canada and Australia Toys R Us stores have been going strength-to-strength these last few years, giving bosses the proof that there is space for both physical and online stores in the UK.
Now some could be sceptical about the news as earlier this year it was announced that Woolworths was set to return, which turned out to be a Twitter prank. But, this seems a legitimate decision, and we couldn’t be more excited.
Chairman and CEO of parent company WHP Global and Toys R Us, Yehuda Shmidman, said in a statement: “We selected Toys R Us ANZ as our partner to expand into the United Kingdom because of their proven success in launching with us in Australia under the leadership of their CEO, Dr Louis Mittoni.
“Toys R Us today is a vibrant business with over 900 stores and e-commerce sites across 25 plus countries generating over $2billion a year in sales and growing, especially with the new launches underway for both the US and UK markets.”
Head of Toys R Us ANZ, Louis Mittoni, added: “Since Toys R Us’ return to Australia in June 2019, we have scaled quickly as customers returned to the much-loved brand and our e-commerce model has proven its success.
“My team and I are looking forward to developing technical and commercial relationships with UK-based vendors and partners and to engage with the many loyal Toys R Us former customers and fans in the UK.”
Feature Image Credit: Flickr / Public Domain