Toys R Us could possibly be making a return to Australian shores, with the toy retailer saying plans to open “one of the largest” toy shops within the nation in Melbourne’s southeast.
The proposed Clayton retailer would stretch greater than 3000sq m, combining a Toys R Us and Babies R Us in an “experiential retail centre”.
In 2018, the toy retailer chain went into liquidation, closing round 44 shops throughout the nation and slicing 700 jobs earlier than launching shops on-line a 12 months later after reaching a brand new cope with Hobby Warehouse.
The firm was then purchased by ASX-listed retailer Funtastic in 2021 and subsequently modified its title to Toys R Us.
An ASX announcement was launched on Monday stating the corporate would want to boost a minimum of $5m, with a goal of $8m from current shareholders to open the shop.
The Clayton retailer has been “leased and part fitted” and is hooked up to the corporate’s current logistics and head workplace facility.
Images of plans for the brand new retailer present a “Robot Factory” space and a Geoffrey’s Playhouse, Geoffrey being the corporate’s giraffe mascot.
Toys R Us has not too long ago opened 9 shops within the UK with retail large WH Smith and now holds a 40-year unique licence to function in Australia and New Zealand.
The ASX announcement forecasts the brand new retailer to ship $7m in annual buying and selling.
Source: www.perthnow.com.au
