Amazon may buy some Toys 'R' Us stores

Amazon may buy some Toys 'R' Us stores

Toys "R" Us has said it's closing or selling its 740 stores as well as its global operations, with filings showing the company has received "several" non-binding offers for all or parts of the European business and has asked for offers for the Asian-Pacific business by early April.

With Toys R Us closing its doors, it's only a matter of time before you won't be able to use your gift cards.

Such a move would let Amazon quickly expand its brick-and-mortar presence, coming on the heels of buying Whole Foods Market Inc. and its more than 450 locations previous year.

Representatives for Amazon and Toys "R" Us declined to comment. The stores would reportedly be used to showcase its Echo line of devices. It past year acquired Whole Foods Market, gaining its 450 store locations. Nothing came of the talks.

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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.

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

Toys R Us Asia operates as a separate legal entity to Toys R Us Inc, and according to Fung is "financially independent from all other Toys R Us operating companies around the world". Its division in the U.K.is now being wound down.

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