Amazon may buy some Toys 'R' Us stores

Alicia Cross
March 21, 2018

Toys "R" Us was the last remaining specialty toy retailer in the United States and hundreds of companies relied on its big-box stores as a showcase for both innovative toys as well as classics.

Last week it was revealed that all Toys R Us stores in the United Kingdom will close in the next six weeks following the chain's collapse into administration.

Fung Retailing did not elaborate on its plans for the Asian arm if its US-based partner Toys R Us Inc goes under.

Kassoff said he's been in contact with Hasbro Inc. and Mattel, Inc. and up to 200 smaller toy suppliers who are looking for new brick and mortar retailers.

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If you have a Toys "R" Us gift card, you have a little less than a month to use it or you'll lose it.

Such a move would let Amazon expand its brick-and-mortar presence, after it bought Whole Foods Market and its over 450 locations a year ago. KB Toys is back in business. Therefore, he believes the company's brand still has a tremendous value. To that end and following a top-to-bottom assessment of our business, we have made a decision to close a number of our USA stores. "Walmart and Target both have their own brand recognition, so they won't buy it. [Toys "R" Us] also never has any proprietary toys or intellectual property that would appeal to established retailers", Tatelbaum told Observer. Toys R Us has more than 700 stores in the US.

MGA Entertainment confirmed last week that its CEO Isaac Larian and affiliated investors are a bidder for the Toys "R" Us Canada operations. It has no plan to keep the brand name, though, according to Bloomberg.

Other reports by Free-Prsite

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