Toys‘R’Us (ASX:TOY) partners with Parcelpoint

Highlights

  • Toys’R’Us ANZ has partnered with Parcelpoint to offer its shoppers a unique last mile customer experience via its next day guaranteed Doorstep Delivery service.
  • TOY stated that Reliable parcel delivery will be critical in the lead up to the Company’s busiest trading period, which includes Black Friday, Cyber Monday and December.
  • The new service is expected to be activated via the Toys "R" Us and Babies "R" Us websites over the next two weeks.

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ASX-listed Company which distributes toys and hobbies in Australia and New Zealand Toys“R”Us ANZ Limited (ASX:TOY) announced on Thursday that it has partnered with Parcelpoint to offer its shoppers a unique last mile customer experience via its next day guaranteed Doorstep Delivery service.

The Company revealed that the new service, initially in Sydney and Melbourne, leverages Parcelpoint’s network of local stores as “Minihubs” across more than 290 postcodes, improving last-mile speed and accuracy through a community of local “Runners” in each neighbourhood.

The announcement comes as an important development at a time when there is ongoing disruption and the structural shift toward e-commerce, in combination with significant challenges faced in industry supply and delivery channels during recent months.

Toys "R" Us ANZ Limited is an Australian-based company that intends to enrich people's lives by promoting exploration, creativity, and living life more via the enjoyment of toys and hobbies.

The Company distributes its products throughout Australia for key partners through its trading business, Funtastic.

Parcelpoint is a last-mile e-commerce platform in Australia. Parcelpoint delivers through Australia's largest network of more than 1,400 independent parcel shops (like pharmacies and convenience stores) and a growing community of local Runners providing live tracked delivery on bicycles to the customer's door. 

Today, the stock TOY closed at AU$0.170 per share on ASX.

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Bottom Line:

Partnership with Parcelpoint is an opportune moment for the Company as the country moves closer to the festive season. 

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