Amazon may buy some Toys 'R' Us stores

BBB Bureau Briefs: Gift Cards & Bankruptcy - Newschannel 6 Now | Wichita Falls, TX

All 740 Toys R Us stores in the USA will close. The company, which filed for bankruptcy in September, announced plans to shut down its us operations last week.

Strategic Marks is in discussions with toy manufacturers including Mattel (MAT) as it works to resurrect the KB Toys name, he added.

KB Toys started out as a family-owned business in 1922 and become one of largest US toy retailers. Walmart and Target carry toy lines, but they are also known for a million other things.

Legacy Toys is looking to expand to more malls across the region. Al-Futtaim is a retailer for Toys "R" Us in six countries including Bahrain, Egypt, Kuwait, Oman, Qatar and the U.A.E.

"Our umbrella, Strategic Marks, LLC has been very successful bringing back numerous most popular products and companies over the last ten years because we follow a very strict formula; [To bring back the experiences we loved as a child, just as you remembered them]".

"We're just as excited about the toys as the kids who come in", said Chip Honer, head of game development at Legacy Toys.




A Babies R Us store in downtown Manhattan preparing to close.

The possible deal wouldn't save the bankrupt toy store.

The general consensus among retail observers is that physical stores are still relevant in the toy sector because "people love to see and touch things", said Pasierb, despite the permeation of Amazon and e-commerce.

Under trade agreements, vendors were required to ship goods to Toys "R" Us on unsecured trade credit.

Charles Tatelbaum, a bankruptcy lawyer with more than 50 years of industry experience, isn't as optimistic about the buyout options for its USA operation. They would buy some of the shutdown store and turn them into their own space.

We have a follow up involving a popular toy store going out of business.

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