Toys R Us blew a hole in the toy industry, but 2019 looks a little better [Los Angeles Times (CA)]
Kroger Company (The) (KR)
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Source: Los Angeles Times
Toys R Us blew a hole in the toy industry, but 2019 looks a little better After trekking to Manhattan every February from his headquarters in Coconut Creek, Fla., for the largest trade show in the U.S. toy industry, Gary Atkinson decided to skip this year’s event. And for good reason: Toys R Us Inc., once his largest customer, wouldn’t be there. But the chief executive of Singing Machine Co. reversed course after learning that the hole left by the U.S. liquidation of Toys R Us is, in some ways, filling in. Companies such as Kroger Co. — which owns grocery chains including Ralphs and boosted its toy offerings last year — sent bigger teams to Toy Fair New York, which began Friday. Others retailers are attending the trade show for the first time. Rented exhibition space at the Jacob K. Javits Convention Center jumped 10% to an all-time record of 447,000 square feet. That pushed Atkinson to spend more on the show, including renting a Mercedes Benz to promote the debut of a Carpool Karaoke
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