Amazon shares fall; tech giant considering Toys 'R' Us locations?

Mar 21, 2018, 08:00
Amazon shares fall; tech giant considering Toys 'R' Us locations?

In January, the company announced that it would be closing around 180 stores in the United States, without about half of those being Babies "R" Us stores.

All 740 Toys R Us stores in the USA will close.

If you have gift cards, you need to act fast.

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Amazon is understood to be mulling an expansion into former Toys R Us sites across the USA as the toy retailer begins its final wind down. The company's liquidation filing last week will trigger clearance sales that could begin as soon as Thursday at the locations that had not already planned to close.

The bankruptcy documents say debtors had reached out to more than 20 interested parties in a bid to sell off the 82 stores in Canada as the toy retailer looks to wind down operations.

The Toys R Us website invites would-be employees to "be part of our future".

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When we talked to numerous employees, we heard everything from the liquidation starts this Thursday to they don't know when to teams are coming in on Thursday for a meeting. The chain has 14 Toys R Us and Babies R Us stores in Rhode Island and nearby locations in MA and CT.

The company said on March 15 that it would honor them for another 30 days. The problem with the ToysRUs stores is that majority are huge.

Toys R Us Australia has also said it is "business as usual" despite the US collapse. 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.

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