Remove Expansion Remove Hobbies Remove Marketing
article thumbnail

Expansion costs eat into Toys ‘R’ Us profit

Inside Retail

Children’s goods retailer Toys ‘R’ Us has reported a slip in half-year profits impacted by its expansion in the UK and setting up of its Australian operations. The company – which operates the Toys ‘R’ Us store networks across Australia and New Zealand, selling toys, baby and hobby products – also has an online presence in the UK.

Expansion 130
article thumbnail

Toys ‘R’ Us names Penny Cox as its new CEO

Inside Retail

She will replace Louis Mittoni, the controlling shareholder, who has taken a step back in the organisation as part of a strategic plan for the expansion of the ASX-listed business announced in March. Cox has held roles with companies including Ocado, Coles, Redmart, Alibaba and Carousell across the UK, Australia, and Southeast Asia.

Hobbies 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

“Reignited appetite”: Why retailers are seeking greener pastures overseas

Inside Retail

During the years affected by Covid-19 pandemic restrictions, when freedom of movement was restricted, Australian retailers redoubled their efforts to consolidate their position in the local market. But, with consumers facing rising inflation and cost of living pressures across the world, the stakes for international expansion are high.

Expansion 246
article thumbnail

International markets leading demand for UK brands have highest global concentration of omnichannel shoppers, ESW data reveals

Retail Focus

Cross-border shoppers from the international markets which purchase the most from UK brands and retailers are also among those with the highest concentration of omnichannel consumers, the latest Global Voices report from ESW shows. To learn more, download the full report: Omnichannel Commerce: Creating Value for Your Brand and Your Customers.

article thumbnail

Funtastic rebranding as Toys ‘R’ Us ANZ in retail-led transformation

Inside Retail

The change in identify follows the group’s acquisition of the Hobby Warehouse business last November, which brought the Toys ‘R’ Us license under its control and which kicked off a major shift at the business that saw Hobby Warehouse chief executive Louis Mittoni take charge of Funtastic.

Hobbies 165
article thumbnail

The Hermes of yoga? Premium sportswear brands enjoy rapid growth in China

Inside Retail

Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands Nike and Adidas as they grapple with local competitors in the $55 billion sportswear market. But the more share they take out of the market, the less there is left for everyone else.

article thumbnail

Child’s play: Inside Toys ‘R’ Us’ expansion strategy

Inside Retail

The most significant initiative for the year, and potentially one of our greatest for years to come, was to secure exclusive licensing rights to operate Toys ‘R’ Us and Babies ‘R’ Us in the UK, the largest toy market in Europe and fourth largest in the world, with a total addressable market of £3.3

Expansion 130