Global retail giant Toys“R”Us® debuts in India with its first store in Bengaluru. Tablez India, a division of Abu Dhabi-based LuLu Group International has, in an exclusive master franchise agreement with US company, Toys Pvt. Ltd., launched the global retail brand Toys“R”Us® in the Indian market in Bengaluru. Toys“R”Us® operates more than 850 eponymous and Babies “R” Us stores in North America and its products are sold at 1,000 inter-stores in 37 countries. The first Toys“R”Us® store opened at Phoenix Market City, Bengaluru and was inaugurated by five young achievers from Karnataka along with Adeeb Ahamed, Managing Director, Tablez and Shafeena Yusuff Ali, Chairperson, Tablez India. In India, the brand has launched the store in two formats – Toys“R”Us® which is the world’s leading toy store and Babies “R”Us, a one-stop destination for baby essentials. The store is designed to be an experiential store and is spread over 20,000 sq ft.
On the occasion of the launch of the store, Adeeb Ahamed, Managing Director, Tablez India, said “We are delighted at setting up the first Toys“R”Us® store in Bengaluru. India is the fastest growing market for toys retail and is growing at a rate of 15 to 20% percent annually. We are planning to expand our stores in other parts of the country. We are aiming to have our second store in Delhi by November this year and by end of this financial year we will have two more stores in Chennai and Mumbai.”