Wednesday, May 22, 2019

The Toy Store eyes six shopping centre locations after closing Oxford St shop


It may have closed down its Oxford St flagship in London less than a year after opening, but this is not stopping The Toy Store from chasing its ambition to open up six other stores across the UK.

The Toy Store‘s on Oxford St store above the Bond Street underground station closed down at the end of June, after its Dubai-based parent company RM Retail group set up shop there in September last year.

According to the Retail Week, The Toy Store were now eyeing up to six other locations in shopping centre precincts in different parts of the UK.

Although they no longer have a bricks-and-mortar presence in the country, The Toy Store‘s chief financial officer Mark Handley said it did not have a time frame as to when these stores would open due to the “uncertainties in the UK market” in light of the Brexit vote.

He also told Retail Week that the toy retailer was “waiting for the right strategic locations to come available”.

The retailer‘s former location on Oxford St will now be taken over by JD Sports later this year.

The currently has standalone stores in the Gulf region of the Middle East – in the United Arab Emirates, Oman, Qatar and Bahrain.

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