Toys "R" Us to open up to 40 stores

International toy retailer Toys "R" Us Inc is expected to open at least 30 to 40 stores annually in China, mostly in major cities while reaching more customers with its online stores.

Roy Sammartino, managing director of Toys "R" Us China, said: "China is our fastest-growing market with more store openings than anywhere else in the world."

Toys "R" Us had two online stores and 134 physical stores in 55 cities in China by the end of April. The retailer has 883 stores in the United States, Puerto Rico and Guam, and 795 international stores and 254 licensed stores in 37 countries and regions.