Toys"R"Us Opens Fifth store in India at Mall of Dehradun
Located at Mall of Dehradun, the new outlet is spread across 6,000 sq. ft. retail space. The store offers a collection of international brands such as Lego, Hasbro, Mattel, alongside Indian brands like Playshifu, Funskool and Winmagic.
"We are excited to introduce Toys"R"Us to Dehradun with the opening of our new store at Mall of Dehradun," said Nitin Chhabra, chief executive officer of Ace Turtle. "With the rapidly growing customer base, we see immense potential in organized toy retail here. Our expansion of Toys"R"Us® will also support the Government of India's 'Make in India' initiative by boosting toy manufacturing within the country."
Toys"R"Us made its foray into the Indian market in 2017 through Tablez India, a division of Abu Dhabibased Lulu Group International, for an exclusive master franchise agreement. It launched the global toy brand in India in October 2017 with plans to open 200-plus stores, but only managed to open 14 stores which wound up within three years of operations.
In June 2021, Bengaluru-based Ace Turtle entered. into a joint venture with the Flipkart Group's Wholesale Entity in India to acquire the license of Toys"R"Us and Babies"R"Us in India through a strategic arrangement with WHP Global. Now it operates five stores in India across Dehradun (1), Hyderabad (1), Mumbai (1), and Bengaluru (2).
Founded in 2013, Ace Turtle is also the exclusive licensee of global retail brands such as Lee, Wrangler and Dockers for India and other South Asian markets.
Kisna Diamond & Gold Jewellery Opens Showroom at Vegas Mall
Denne historien er fra October 2024-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 2024-utgaven av Images Retail.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
'Fusion of Art and Commerce Helps Virtuous Retail Create Culturally Rich Shopping Environments'
Sumi Gupta, board member of VR South Asia, who spearheads all things art and culture at the group, talks about the unique approach of curating art festivals in retail spaces to foster a deep community connection and drive commerce
Jumboking's Travel Retail Journey
About 95% of Jumboking's outlets are positioned at busy transit hubs benefiting from the high foot traffic these places enjoy
What's Driving the Success of Electronics on Q-commerce
Electronics are among the hottest selling items on q-commerce. Here's what's driving the trend and why the collaboration is a win-win for all stakeholders
Measuring the Influencer Effect
Influencer marketing has become a core part of every brand's marketing. But does it really benefit brands?
Mid-range Smartphone Users Lead in Premium Product Engagement
The study, conducted by Bobble AI’s Market Intelligence division, delves into the online shopping behaviour of smartphone users
'Ace Turtle Eyes ₹1,000 cr Revenue by FY28'
The company's goal is to grow Lee, Wrangler, Toys\"R\" Us and Dockers into ₹500 crore brands each by FY 2035
55 Million Square Feet of Grade-A Malls Needed till 2027 to Meet Growing Demand - Cushman & Wakefield
India’s retail on the brink of a significant transformation and expansion, driven by rising domestic consumption and favourable economic conditions
Japan's Furniture Major Nitori Sets Sail for India
The minimalist hoarding featuring the Nitori logo, along with the message \"Coming Soon,\" indicates that fit-outs are already underway
August: A Month of IPOS, Exits and Store Expansions
A roundup of happenings in August in the world of retail
'Transit Retail Will be a Key Area of Focus for Chalu Chinese'
Along with its sister brands Chalu Aapna Desi Chinese is redefining the transit retail space by tapping into the growing demand for quick yet quality food options in bustling, transit-heavy locations