Toys"R"Us Announces 2013 Global Expansion Plans; 100-Plus Stores on Tap
Toys“R”Us on Wednesday unveiled its global growth for 2013, with the planned opening of more than 100 stores, including new locations, the relocation and conversion of 14 stores to its side-by-side format, and 22 new licensed stores. The openings represent the net addition of over 900,000 square feet of retail space to the company’s store portfolio. Toys“R”Us’ most significant expansion plans for 2013 are in China, where it's already begun operating several of 22 new stores scheduled to open this year. By year-end, the company plans to operate 51 stores in 27 cities throughout China.