Tuesday in CE: Amazon Didn't Kill Toys R Us But They Are Picking the Bones Clean
The dust has barely settled on the Toys R Us firesale and CE retail giants like Amazon are already chomping at the bit to take over their assets. Reports have already started coming through that Amazon is window shopping some of the impending foreclosures, expanding their retail brick-and-mortar footprint.
To get it out of the way, it's unlikely that Amazon will continue using the Toys R Us brand, opting to continue expanding on their $13.7 billion Whole Foods play, bookstore ventures, or cashier-less convenience-store concept. For the record, that acquisition gave Amazon 450 physical locations across the United States.
Toys R Us has over 560 locations in America, topping 1,758 worldwide.