Amazon eyes soon-to-be-vacant Toys R Us stores

Membership across the budget gym operator has increased

Senator Charles Schumer is calling on federal regulators to let customers redeem unspent "Toys R' Us" gift cards before the one time retail giant closes its USA stores.

However, with Amazon under no pressure at all to expand its bricks and mortar presence quickly, the deal may not go ahead.

And now that Toys "R" Us plans to close all its USA locations, KB Toys says it will resurrect sooner than planned. The chain accounted for 9 percent of Hasbro's global net sales previous year, far less than the Rhode Island company sells through Walmart.

The general consensus among retail observers is that physical stores are still relevant in the toy sector because "people love to see and touch things", said Pasierb, despite the permeation of Amazon and e-commerce. In 2015, Bloomberg notes, Amazon considered buying some closed down Radio Shack locations, but ultimately opted against doing so.

Toys R Us had hoped to remain in business with about 700 stores still in operation but abruptly filed for bankruptcy liquidation last week.




Toys R Us was ahead of its time. The company has announced that it will shut down all its stores in the U.K. The future of its stores in Australia, France, Poland, Portugal and Spain are also hanging in balance.

"Toys R Us Asia is open for business and continuing to serve our customers as we always do", Toys R Us Asia president Andre Javes said.

An investment group led by Isaac Larian, the founder of toymaker MGA Entertainment Inc., has submitted a bid to acquire the Canadian business.

Many parents are rushing to the store to take advantage of sales and to get rid of any gift cards they may have saved.

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