Richard Barry, CEO of Tru Kids Brands and former Global Chief Merchandising Officer at Toys "R" Us, plans to open at least two Toys "R" Us stores this year, according to a person familiar with Barry's plans is.
The owners of Tru Kids Brands won the rights to the Toys "R" Us brand last October. They also took over the other assets and brands of the former company, including Babies "R" Us, Geoffrey the Giraffe and Imaginarium.
"We are definitely coming back in 2019. At least two stores, more are planned for 2020." said the person. The new stores will be smaller than the old stores of Toys "R" Us and "experiential" added the person.
Barry presented his plans for Toys "R" Us at a recent Las Vegas conference, said Isaac Larian, the billionaire behind Bratz dolls and Little Tikes toys.
"They are considering opening two stores first and then going on from there, hoping they're successful," he said. "In the US there is a need for an independent toy chain, whether it be Toys & # 39; R & Us or something else."