article thumbnail

Toys “R” Us promotes new COO, sells off UK toy manufacturer

Inside Retail

In her new role, Yu will oversee all Toys “R” Us ANZ Limited operations, including Funtastic, Toys “R” Us, Babies “R” Us, Hobby Warehouse and Mittoni. Yu was also previously general manager of Hobby Warehouse for eight years and general manager of Mittoni for 10 years. According to Mittoni, Chill Factor made up 2.7

Promotion 238
article thumbnail

How nostalgia and NFTs created a multibillion-dollar collectables market

Inside Retail

Nostalgia is a key factor While collecting is certainly not a new hobby, the market, as evidenced by the report, is growing exponentially in recent years due to a variety of factors. The shifts we’ve observed [in the collectables market] were influenced by a combination of global events and changing consumer behaviors.

Marketing 262
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Expansion costs eat into Toys ‘R’ Us profit

Inside Retail

The company – which operates the Toys ‘R’ Us store networks across Australia and New Zealand, selling toys, baby and hobby products – also has an online presence in the UK. However, sales to consumers increased 5.7 For the six months to January 31, wholesale revenue fell 27.8 per cent to $5.2 per cent to $22.3

Expansion 130
article thumbnail

How retail left the Baby Boomer generation and its “silver economy” on the table

Inside Retail

Retailers have failed to understand and represent a large consumer demographic that could be lucrative to their business. Kopanidis believes that brands have reduced this consumer group to a stereotype that does not want to engage in the lifestyles and hobbies that are so often attributed to Gen X, Millennial, Gen Z and now Gen Alpha.

article thumbnail

A day in the life of Rebecca Vallance-Gasan: “I am hyper-organised”

Inside Retail

The plan is to reach 20 stores globally within the next few years, with a focus on strategic growth across both the direct-to-consumer business and international wholesale. IR: Do you have any hobbies that help you switch off and stay balanced? Inside Retail: What inspired you to start the brand? How has it evolved since then?

Hobbies 147
article thumbnail

Gamified and global: How Wish aims to compete with Amazon

Inside Retail

The campaign to sign up new sellers outside of China is a direct effort to change consumers’ perceptions of Wish. Consumers are really sophisticated these days, and they know what’s what,” Levine said. “We We want to give them the highest quality assurance that we can and focusing on branded merchandise is a great way to do that.

Hobbies 246
article thumbnail

How Sam Walton’s sundown rule makes me a better leader: Andy Chen, Comvita

Inside Retail

Comvita is a natural health brand, and this is where consumers will want to prioritise their personal spend after the pandemic. IR: Do you have any hobbies that help you switch off and stay balanced? AC: As I mentioned, exercise is one, but I also have some eccentric hobbies like weeding the garden to empty my mind from time to time.

Hobbies 342