Written by Anne D’Innocenzio
NEW YORK (AP) — The parent company of Toys R Us is turning to a key rival to restart its e-commerce business ahead of the holiday shopping season.
Tru Kids Brands is teaming up with discounter Target Corp. to relaunch Toysrus.com, according to a joint release.
The site, which launched Tuesday, features product reviews and videos and directs browsers to a buy button at Target.com to complete the purchase.
Both Target and Tru Kids declined to share details of the financial terms. But while analysts say the move is a big win for Target’s toy business, they question why Toys R Us’s parent company would decide to outsource e-commerce to a third party.
The move comes as the first two new Toys R Us stores — one in Houston, the other in Paramus, New Jersey — will open in November as part of a small comeback of the defunct iconic toy chain in the U.S. Target.com will also handle online sales in those two stores.
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