Wayne, N.J. — The company plans to open approximately 90 stores in 21 countries and jurisdictions throughout 2014.
Wayne, N.J. — Toys”R”Us® plans to open approximately 90 stores, including new locations, the relocation of several stores and 33 licensed stores. These new stores are located throughout 21 of the 37 countries and jurisdictions in which Toys”R”Us, Inc. currently has a presence through its wholly owned and licensed businesses, and include the opening of the company’s first licensed store in Namibia, which took place in October.
The company’s most significant expansion plans for 2014 are in China and Southeast Asia, where it has already begun operating several of 22 brand new stores in China and eight planned new locations in Malaysia. Expanding its business in this region continues to be a priority for the company, and by the end of the year, it plans to operate 76 stores in 35 cities throughout China.
“International growth remains an important area of investment for the company and we continue to see significant opportunities for expansion, especially in China and Southeast Asia,” says Antonio Urcelay, chairman of the board and CEO, Toys”R”Us, Inc.
The new stores the company plans to open in 2014 include both Toys”R”Us locations and a number of side-by-side formats, which combine Toys”R”Us and Babies”R”Us® under one roof to offer a one-stop shopping convenience to customers.
New store sizes vary by country and range from 3,000 to 45,000 square feet.
There are 876 Toys”R”Us and Babies”R”Us stores in the United States and Puerto Rico, and more than 725 international stores and over 200 licensed stores in 36 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City.
SOURCE: Toys”R”Us, Inc.