Toys”R”Us enjoyed strong growth in Q2 FY22, with sales revenue increasing 86 per cent year on year (YoY), while monthly revenue grew in January 2022 by 136 per cent YoY.
Following the TOY and WHP Global license agreement for Toys“R”Us ANZ to operate digital and physical retail commerce for Toys“R”Us and Babies“R”Us in the UK, an ecommerce launch is scheduled for mid-2022.
Further, the new warehouse facility in Monash, Victoria is on target to be completed in the second half of 2022.
“Our teams have made consistent progress with the implementation of updated warehouse management systems and robotics, migration of business platforms, and the formation of our senior UK team,” says Dr Louis Mittoni, CEO and managing director of Toys“R”Us ANZ.
“These accomplishments are vital to the long-term strength, capability and growth prospects of the company.
“The company plans to accelerate and scale with Toys“R”Us, Babies“R”Us and Hobby Warehouse operations in Australia, and relaunch Toys“R”Us and Babies“R”Us in the UK in mid CY22 with sufficient capability to meet shopper demand through to the peak trading season.”
With global supply chain disruptions still affecting the Australian market, Toys”R”Us made sure its inventory levels were maintained at an acceptable level by working closely with vendor partners.
Toys“R”Us and Babies“R”Us added approximately 30 new brands between August 2021 and January 2022. Selected ranges have also been forecast and pre-ordered in January 2022 for supply in advance of the seasonal peak period in November 2022.
TOY completed migration of its accounting and enterprise resource planning (ERP) systems during February 2022. The new ERP platform is cloud-based and will enable Toys“R”Us to better integrate warehouse management systems (WHMs), automated robotic facilities, multi-tenant international operations, multi-currency and tax jurisdictions necessary for continued growth internationally.
