Toy market news

Toys ‘R’ Us ANZ reports revenue growth in fiscal year 2022 earnings

Consumers are warming up to Geoffrey the Giraffe again in Australia, New Zealand, and the UK

Toys “R” Us ANZ, the exclusive licensee for the Toys “R” Us and Babies “R” Us brands in those regions, reported its fiscal year 2022 earnings this week, reflecting 74% year-over-year growth in revenue. The company says that its revenue from continuing operations hit $37.9 million this year as it begins to expand both direct-to-consumer (DTC) and business-to-business (B2B) sales.

This year brought expansion for Toys “R” Us ANZ’s primary operation with the opening of a new warehouse in Australia that is more than four times larger than its previous space.

The e-commerce business has not yet resulted in any physical stores for its operating regions.

Toys “R” Us is owned by WHP Global which manages licensing for the company and its brands. Toys “R” Us currently exists with more than 900 stores and e-commerce sites operating across 25 countries.

toybook.com