Friday, September 28, 2018

Michaels expands kids' crafting section in bid to win sales left behind by Toys R Us

CNBC
Arts and craft supplier Michaels is entering the land grab for Toys R Us' market share.

Hundreds of stores went dark earlier this year when Toys R Us liquidated, leaving a window for other retailers to step in and court the toy retailer's former customers. Toys R Us had accounted for about 15 to 20 percent of all U.S. toy sales last year. Many companies, including Walmart, have already laid out strategies to capture those sales — even retailers that aren't typically known for their toy sales. . . . more