Amazon Is Said to Consider Buying Some Toys 'R' Us Stores
07:58, Mar 21, 2018
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Amazon may be looking to once again expand its brick-and-mortar presence with the potential acquisition of several now-defunct Toys "R" Us locations, following the toy store chain's recent bankruptcy.
Amazon is mulling snapping up Toys R Us' American stores, it has been revealed. Products could be felt, touched, and demonstrated in a physical store setting much easier than they can be online. It previous year acquired Whole Foods Market, gaining its 450 store locations.
A bigger network of stores would put inventory closer to where shoppers live, potentially enabling quick delivery to e-commerce customers. In 2015, Bloomberg notes, Amazon considered buying some closed down Radio Shack locations, but ultimately opted against doing so.
Fung Retailing did not elaborate on its plans for the Asian arm if its US-based partner Toys R Us Inc goes under.
Last September Toys "R" Us filed for bankruptcy claiming it could no longer keep up with its $5 billion debt.
Toys "R" Us' Canadian operation has reportedly received multiple bids. Its division in the U.K.is being wound down. Hasbro said it expects Toys R Us's financial problems to "negatively impact" Hasbro's sales this year, and the company's stock has suffered as investors calculated the damage.
"We have a $14-$15m payment due that hasn't been paid", Isaac Larian, chief executive of Bratz dolls maker MGA Entertainment, said. The company is also considering selling off other overseas stores, while keeping the business running.
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This guarantees that you can avoid those hassles and spend more time actually using your phone instead of fretting over its fate. The partnership goes into effect on Thursday, one day before Samsung's new Galaxy S9 phone formally starts shipping.
The two companies running head-to-head in this race are USA -based Qualcomm and China-based Huawei ( New York Times ). That could allow Chinese companies, namely Huawei Technologies Co, to become the dominant supplier, the U.S. said.
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