More than 50 suppliers, including Barbie maker Mattel (MAT.O) and Lego, have objected in some form to the proceedings by the storied toy retailer to shutter up to 735 USA stores and 30,000 jobs. Amazon has shown an increased interest in brick-and-mortar locations in recent months on the heels of its acquisition of the Whole Foods Market grocery chain.
Read the Bloomberg story here. The stores would reportedly be used to showcase its Echo line of devices.
Toys R Us' collapse is in part due to growing pressure from Amazon, which has disrupted the entire sector by offering numerous same items at significantly lower prices and with the convenience of delivery. Meanwhile, the global ecommerce and tech giant is reported to be discussing the possibility of purchasing some Toys "R" Us locations in the US.
Once Toys "R" Us completes its recently-announced liquidation, it will leave more than 700 large, empty retail spaces throughout the US.
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"My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go", Kassoff explained. But its Canadian unit is up for sale, along with its operations around the world. Its division in the U.K.is being wound down.
Babies R Us stores will be closing as a result of the liquidation as well, though its website will remain running for the time being.
It has also opened the first cashless convenience store, where shoppers can fill their shopping carts and just leave the store, with sensors recording the purchases and charging them to a credit card.