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Macy’s provides Toys“R”Us return to US

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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Fashion clothing and accessories retailer Macy’s has announced a partnership with WHP Global to bring Toys“R”Us back to operation in the US.

The roll out has initially taken place on Macy’s online platform, and is set to extend across over 400 Macy’s shops nationwide in 2022.

In addition to the range of toys being offered on Macy’s own e-commerce site, the clothing group will also power ToysRUs.com to further connect the two brands.

Nata Dvir, chief merchandising officer at Macy’s, said: “Our toy business grew exponentially in the past year, with many families looking to inspire their children’s imagination and create meaningful moments together. 

“Toys”R”Us is a globally recognised leader in children’s toys and our partnership allows Macy’s to significantly expand our footprint in that category, while creating more occasions for customers to shop with us across their lifestyles.”

Despite declaring bankruptcy in September 2017, Toys“R”Us continues to generate more than $2bn in global retail sales across almost 900 branded stores outside the US.

Yehuda Shmidman, chairman and CEO at WHP Global and Toys“R”Us, added: “We’re thrilled to be launching this new partnership together with Macy’s.

“Our partnership with Macy’s marks the greatly anticipated return of Toys“R”Us in the USA, and changes the retail landscape by combining two beloved retail brands together for consumers across the nation in a completely innovative way.”

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