Toys R Us SA - "We have experienced phenomenal growth"

After Toys R Us in the United States announced that the company is selling or closing all its US stores as part of a liquidation plan, Toys R Us SA released a statement saying they have experienced phenomenal growth in recent years and is unaffected by the challenges faced by Toys R Us in the US.

In September 2017, Toys R Us, certain US subsidiaries, and its Canadian subsidiary voluntarily filed for bankruptcy. The company said the situation in South Africa is vastly different.

Toys R Us South Africa said Toys R Us and Babies R Us South Africa is a privately-owned enterprise. Operating independently from its global counterparts and has shown strong growth, opening seven new local stores in 2017, it said.

“We have maintained our momentum. Our revenue growth is solid, and Toys R Us and Babies R Us continues in a clear path of strengthening our brand footprint throughout South Africa,” said the company.

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Posted 15 March 2018 | Staff Writer

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