Toys "R" Us is opening a new store ... again [CNN]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNN
The retailer's parent company, WHP Global, announced it will open a store at New Jersey's American Dream mall in mid-December. In a press release, the company said the 20,000 square foot, two-story location is "reminiscent of the beloved toy store customers know and love," and includes an ice cream parlor, multi-level slide and, of course, rows of toys for purchase. It will be the only standalone location of the storied brand within the United States currently. Toys "R" Us announced in August it will open "shop-in-shops" in 400 Macy's locations beginning next year. And its website remains operational, as do about 900 stores overseas. Like other retailers, Toys "R" Us has been hurt by shifting consumer habits with more people shopping online or at big-box stores, including Walmart and Target . The pandemic only catalyzed those trends. Toys "R" Us re-opening might come too late for a revenue boost for this year, since it's opening during the end of the holiday shopping seas
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