'Exhausted' Toys R Us Suppliers Weigh Options As Huge Retailer Shuts

Use it or lose it Toys

Amazon.com (AMZN) is mulling a bid in bankruptcy court for prime Toys R Us retail locations that could boost its distribution footprint as it expands quick delivery services to e-commerce customers, reports say. The company bought Whole Foods Market previous year and also has a line of bookstores.

MGA Entertainment, the California company behind Bratz dolls and other toys, confirmed last week that its CEO Isaac Larian and affiliated investors was a bidder for the Toys "R" Us Canada operations.

Additional stores would give Amazon space to showcase its popular Echo line of devices, which run on the Alexa voice-activated platform.

Amazon's not the only company potentially sniffing around Toys "R" Us property, though. In 2015, Amazon held discussions about acquiring some RadioShack locations around the time of the electronics retailer's bankruptcy filing, people familiar with the matter said.

"All of the remaining 75 Toys "R" Us and Babies "R" Us stores will remain open until further notice".

Toys "R" Us filed for bankruptcy in September and in February it announced the MA locations in Millbury, Bellingham, Northborough and Framingham and a Babies "R" Us in the Holyoke Mall at Ingleside would all close.

That's when the company could get approval to start discounts and begin hanging "Store Closing Sale" signs.



Other news