China has become the second largest consumer of toys in the world. The White Paper on the Development of Toys and Baby Products Industry in China in 20 19 issued by China Toys and Baby Products Association shows that the national toy retail market reached 70.5 billion yuan in 20 18, up nearly 10% year-on-year, and the market scale expanded steadily.
Nicolas Green, Managing Director of Toys R Us Central China, said in an exclusive interview with China Business News on June 1, "This year's macroeconomic environment is indeed full of uncertainties for business operations, which may affect the purchasing power of China consumers and make them more cautious when spending. But at present, we have not seen a substantial impact. "
Since entering the China market for the first time, Toys R Us has maintained close cooperation with local toy manufacturers and other suppliers in China, and established a mature supply chain system in China market. In view of the possible price increase and the impact on consumers caused by the current tariff increase between China and the United States.
Extended data:
Toys R Us is the largest retailer of toys and baby products in the world. By integrating various brands, it provides consumers with an all-round and one-stop shopping experience.
It is sold in 873 Toys R Us and Babies R Us stores in the United States and Puerto Rico. It also has more than 600 stores in other countries and 140 franchise stores in 35 countries and regions.
Toys R Us is headquartered in Wayne, New Jersey, USA, and has about 70,000 employees worldwide. Toys R Us promises to be a caring and reputable neighbor through professional services, contribute to children's safety and help them in time.