Amazon may buy some Toys 'R' Us stores

Ann Santiago
March 21, 2018

"Assuming that every single parent that would have purchased a toy from Toys "R" Us now decides their child isn't getting a toy this year because Toys "R" Us isn't there anymore, the worst-case scenario is that the toy industry will decline by 12%", said NPD toy industry analyst Juli Lennett in a company statement.

Last September Toys "R" Us filed for bankruptcy claiming it could no longer keep up with its $5 billion debt.

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.

Whole Foods is working towards streamlining its supplier process across the USA, to help ensure all store are operating under the same rules and - where possible - using the same, or approved suppliers.

We're learning more about Toys "R" Us closing stores. To that end and following a top-to-bottom assessment of our business, we have chose to close a number of our USA stores.

If the deal were to go ahead, it wouldn't be to preserve or save Toys "R" Us. The problem with the ToysRUs stores is that majority are huge.

KB Toys used to have multiple locations in Hawaii, but all were shut down after the company filed for bankruptcy almost a decade ago.

Some Toys "R" Us investors are mulling whether to salvage some stores as part of a slimmed-down version of the business, the New York Post reported. Creditors pushed for liquidation because they saw it as the most likely way to be repaid. Vendors were required to ship goods to Toys "R" Us on unsecured trade credit.

There are federal and state laws which prevent gift cards from expiring in IL, but that's not the case when a retailer files for bankruptcy and closes its doors.

What do you think of Toys "R" Us closing its doors?

David Kurtz, vice chairman and head of global restructuring at the investment bank Lazard, Ltd., which was advising Toys R Us during its restructuring, said Toys R Us executives began to realize that they might not meet their holiday projections as early as Black Friday, the kickoff of the Christmas toy shopping season.

Legacy Toys is looking to expand to more malls across the region.

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