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Hamleys planning to expand into US



The famous London toy store, Hamleys, is planning to open stores in the US for the first time and is searching for stores in major airports and cities.
The retailer lays claim to being the oldest toy shop globally.  Its landmark store on Regent Street in London attracts tourists from around the globe.  It is considering stores in Los Angeles, Chicago and New York, and looking for small stores in a minimum of 20 airports.

After its purchase by Groupe Ludendo, a French retailer, during 2012, the group has started an international expansion program.  Its previous owners were an investment consortium, including Landsbanki, the Icelandic bank, which experienced a collapse during the financial crash.

Hamleys


Hamleys can trace its roots back to 1760.  It moved into Regent Street during 1881 and experienced several bombings during the Second World War.

There are now Hamleys outlets in three UK airports, including Stansted and Heathrow.  It has a store in Manchester’s Trafford Center as well. The company has almost 40 stores across the Middle East, Asia and Europe, with stores in Russia, Sweden, Denmark, Cyprus and the Mecca Mall in Jordan.

British retailers have not had much success in the US market, and Marks & Spencer, Sainsbury’s and Tesco were all forced to withdraw after experiencing very poor sales.

On the other hand, Topshop and Ted Baker have been successful, with Primark planning to open its first store in the country during next year.

More about shopping malls in the USA



Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Sep 19, 2022, Sweden:
The official opening of the flagship store at Drottninggatan 53 is scheduled for September 30, 2022.
Sep 16, 2022, South Korea:
The store will be located at Lotte World Mall in Seoul's Jamsil district.
Sep 15, 2022, USA:
Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Sep 14, 2022, Spain:
Sales of the Indetex Group increased by almost 25% for the first half of the year.
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