The Australian retail industry is in crisis with four major Aussie brands closing so far in 2019.

Major retailer Toys R Us is set to reopen it’s doors in Australia, less than a year after going into liquidation.

Today, US company Tru Kids Inc, which owns Toys R Us and Babies R Us, announced it was entering into an exclusive licensing agreement with Australian company Hobby Warehouse.

However, there will be a few major changes to the beloved brand, with the retailer taking more of an online approach.

Toys R Us and Babies R Us will be made available online for Australian customers next week and will expand to New Zealand for the first time.

Customers will be able to purchase the products from June 12.

A number of physical “experience centres” will be launched at the start of 2020, so parents and children can still have that in-person experience.

Hobby Warehouse commercial adviser, Kevin Moore, said the bigger online focus will allow the brand to thrive in Australia and New Zealand.

“Previously, the Toys R Us and Babies R Us business model in Australia was focused primarily on large physical retail stores which had high fixed costs and extended periods of relatively low sales due to seasonal factors,” Mr Moore said.

“Going forward, the business model for Australia and New Zealand will be online focused, with smaller and fewer physical ‘experience centres’ that allow children and their families and friends to see and touch our products.”

In July last year about 700 Australians lost their jobs when all 44 stores across the country were shut down.

In a rush to close down the store and move stock, discounts of up to 70 per cent off were being offered to customers.

Some stores were even selling off fixtures and fittings.

Toys R Us in the US also went into administration in March last year.