Toys “R” Us new stores and the Masters opportunities
As reported in Inside Retail, the Australian Managing Director of Toys “R” Us is confident that there is still room to grow in the Australian retail market.
Dianne Guerreiro from Toys “R” Us has advised that the well-respected global brand is in the process of opening 4 key stores on the Eastern seaboard. In Victoria, this will see an upcoming opening in South Morang as part of the Home Consortium involvement with the now defunct Masters stores.
Whilst Toys “R” Us has been making sustained losses in the US for several years, operations in Australia are far more bullish with Guerreiro believing that their experience and ability to provide an in-store experience giving them the upper hand over Amazon.
“Giving the customer the ability to touch and feel the product gives retailers such as Toys “R” Us a marked advantage over the on-line retailer. As Amazon moves in to our space, this becomes key to the survival of bricks and mortar retailing” said Lincoln McConnell-Brown, Head of Asset Management for CRS Property.
With a number of Masters’ spaces under management as well as having Toys “R” Us as key tenants within it’s portfolio of managed properties, CRS Property is well placed to provide guidance and support to both landlords and tenants who are active within the big box retail space.
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