Showing posts with label Retail. Show all posts
Showing posts with label Retail. Show all posts

Saturday, April 21, 2018

Smyths Toys to buy Toys R Us in Germany, Austria and Switzerland By Mark Paul

Photo Credit: The Irish Times
Mayo family-owned retailing group will almost double in size, adding a further 90 stores to its network

Smyths Toys, the Mayo family-owned retailing group, will almost double in size after agreeing to a huge deal to buy rival, Toys R Us, in Germany, Austria and Switzerland. The deal will add a further 90 stores to the group’s network of 110 outlets which are located in Ireland and, mostly, the UK. Smyths, which already had group sales estimated at about €600 million, is now among the largest specialist toys retailers in Europe. Smyths is now targeting further European expansion. The Irish Times

Wednesday, October 15, 2014

Macy's to open at 6 p.m. on Thanksgiving By Alexia Elejalde-Ruiz

Black Friday is continuing its creep earlier into Thanksgiving Day, with Macy's opening its doors at prime turkey-coma time. Macy's plans to open at 6 p.m. Thanksgiving, two hours earlier than last year, “in response to the significant, sustained customer interest in last year's opening on Thanksgiving, both at Macy's and other retailers,” the department store chain said in a statement Tuesday. For the first time, The Walnut Room inside Macy’s State Street also will open to the Thanksgiving Day crowds, inviting families to have Thanksgiving dinner there starting at 6 p.m., a spokesperson said. The Walnut Room, a rather grand restaurant that dates back to 1907, is a chief draw during the holidays as the home of the store’s 45-foot Great Tree. Macy's, which has 840 stores, had resisted following the trend of opening on Thanksgiving Day until last year, when it opened at 8 p.m. In 2012, it opened at midnight. Store traffic on Thanksgiving Day grew 27 percent last year to 45 million people, or 31.8 percent of holiday shoppers, up from 35 million in 2012, according to a survey commissioned by the National Retail Federation over Black Friday weekend. Black Friday is still the most popular shopping day, with 92 million people, or 65.2 percent of holiday shoppers, according to the National Retail Federation. Chicago Tribune