Amazon Looked Into Buying ToysRUs Stores

Posted: Mar 20 2018, 4:16am CDT | by , in News | Toys

 
Amazon Looked into Buying ToysRUs Stores
Photo Credit: Getty Images

Retail giant Amazon considered buying ToysRUs stores.

The ToysRUs wind-down is still a hot topic in the retail world. The toy chain has a massive retail presence with over 700 big box stores around the country. Bloomberg reports that according to sources, Amazon has looked into buying ToysRUs stores to expand its brick-and-mortar footprint. Amazon sure is not alone in doing so. We assume that many of the major retailers will have a look at what they could do with the vacant ToysRUs retail spaces.

Amazon gained about 450 stores with the surprise take-over of Wholefoods last year. The problem with the ToysRUs stores is that most of them are huge. Amazon would need to fill it with something. To use them as a showroom for Amazon Devices does not make sense because of the size of the stores.

The ToysRUs closing is still in flux. The Canadian business unit might live on in combination with select US stores if a buyer can be found. Meanwhile many toy brands including Mattel, WowWee, Zuru, and Lego have filed claims in the millions for unpaid goods that ToysRUs received or still in transit.

There appears to be shaping up a big battle between creditors about who will receive the revenue from the ToysRUs store closing sales. Toy suppliers make the case that ToysRUs would sell toys that they do not own yet, as they did not pay the vendors yet for them.

ToysRUs will start the process of closing sales at 735 remaining ToysRUs U.S. stores, including stores in Puerto Rico. While its open to you to score some closing sale toy deals or not, you definitely need to make sure to use your ToysRUs gift cards now. ToysRUs gift cards will be worthless very soon.

The ToysRUs closing sales begin soon according to a statement on the ToysRUs site. Expected savings will be up to 30%, based on the discounts we see in the ToysRUs closing sales in the UK.

Check out also our Easter Toy Gift Guide for 2018. Get the free Tracker app to get notified when the hottest toys and most wanted amiibo of 2018 are in stock online. You can already subscribe to be notified when Pomsies, Fur Babies World, 5 Surprise ball, and more hot 2018 toys are in stock.

Read the latest hot toy news, shop the best-selling toys and follow us on Twitter for hottest toy announcements of 2018 at the Toy Fair 2018 in New York. See also the highlights of the Spielwarenmesse 2018 in Nuremberg and Toy Fair 2018 in London.

This story may contain affiliate links.

Find rare products online! Get the free Tracker App now.


Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

Advertisement

comments powered by Disqus