WAYNE, NJ-Locally-based children's retailer Toys "R" Us says it plans to open more than 100 new or remodeled stores this year in 21 countries.
The retailer announced on Tuesday that it plans to open 22 new stories in China, bringing its presence there to 51 locations, according to The Record. Toys “R” Us is opening nine new outlet stores, in California, Georgia, Mississippi, Missouri, Tennessee, Texas, and Puerto Rico, which will increase its smaller outlet portfolio in the US to 25.
The company also said it is adding 10 new or converted "side-by-side" (Toys “R Us and Babies “R”Us) stores in the United States.
Toys “R” Us Interim CEO Antonio Urcelay stated the new store locations show "our ongoing commitment to our long-term strategy" of expanding in high-growth international markets. In the statement, he added, "We're pleased to continue growing our store base to make our brand more accessible to parents and kids throughout the world.” See story in The Record.
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