As reported by Reuters, the British toy store Hamleys opened the second-largest toy store in the world on Tuesday in central Moscow. The new shop covers roughly 6,750 square meters, or about 73,000 square feet, and features a rocket made of nearly two million Lego bricks.
Innovative Stroller Zone and Electronic Pre-School Zone to Debut at Toy & Hobby China and Baby & Stroller China
Two of the biggest toy and baby product fairs in southern China, Toy & Hobby China and Baby & Stroller China, will kick off on April 8, marking their first editions under Guangzhou Li Tong Messe Frankfurt, a new joint venture formed between Messe Frankfurt (HK) Ltd and the Guangzhou Toy Association last November. Both three-day events, held in the Poly World Trade Expo Center in Guangzhou, will run through April 10. Featuring nearly 1,300 toy and baby product exhibitors, they are expected to draw over 40,000 trade visitors.
On Friday, Toys “R” Us Inc. reported financial results for both the full year and fourth quarter of fiscal 2014, which ended on January 31.
For full year fiscal 2014, net sales improved by $61 million, or 0.5 percent, excluding a $243 million negative impact from foreign currency translation, to $12.4 billion compared to the prior year. The improvement was within the international segment, primarily due to an increase in net sales from new stores and comparable store net sales, partially offset by an expected decline in domestic comparable store net sales.
“They have 21,000 square feet [on the ground floor]. There really is not a tenant that can rent that. The market has just escalated so,” Brad Mendelson of Cushman & Wakefield, who is marketing the Toys “R” Us space at 1514 Broadway between West 44 and West 45 Streets on behalf of landlord Charles Moss, tells the CO.
by Simon Forsyth, Media Relations Advisor, Corporate Communications, Export Development Canada
As kids we needed toys. They spurred our imaginations, occupied our days, and generally brought joy to our then simple lives. But our love for them was fickle–we’d obsess over them one day, discard them the next, and soon beg for new ones.