Amazon Reportedly Could Buy Some Toys R Us Locations
Toys R Us announced last week it's shutting down.
Amazon is considering buying some Toys R Us locations, according to Bloomberg News.
Toys R Us filed for bankruptcy in September. It announced last week it would close or sell all of its U.S. locations. But there was some discussion of a potential buyer saving some of those locations.
That doesn't seem to be the case here. Sources say the goal of a purchase would be to use the stores' physical locations for Amazon's own endeavors.
Amazon launched Amazon Go, cashier-free brick-and-mortar stores, in January, and it purchased Whole Foods last year.
If a purchase goes through, online competition will have officially ended Toys R Us. Web retailers like Amazon were major contributing factors to the company's downfall.
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