Published: Tue, March 20, 2018
Business | By Kate Woods

Amazon Is Considering Buying Some Empty Toys 'R' Us Stores

Amazon Is Considering Buying Some Empty Toys 'R' Us Stores

Amazon.com Inc. has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys "R" Us Inc., according to people with knowledge of the situation. While Amazon isn't at all interested in keeping the Toys R Us brand, it is weighing the opportunity to use the soon-to-be-vacant places as part of its larger brick-and-mortar strategy following its $13.7 billion Whole Foods Market acquisition previous year.

"We are grateful for the hard work of Toys "R" Us staff during this very difficult period and will be providing support where we can to those who have been made redundant". It a year ago acquired Whole Foods Market, gaining its 450 store locations. The stores would reportedly be used to showcase its Echo line of devices.

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Still, the company is under little pressure to hammer out a deal and deliberations may lead nowhere. Its Canadian unit is up for sale, along with its operations around the world.

Toys R Us Australia has also said it is "business as usual" despite the US collapse.

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Toys "R" Us heads to US Bankruptcy Court on Tuesday (March 20) to defend its liquidation plan against an onslaught of objections from creditors, particularly suppliers demanding payment for thousands of toys ranging from Poopeez to Bratz. A buyer could potentially still operate some USA stores from a Canadian base.

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