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Amazon to buy Toys R Us?

Amazon to buy Toys R Us?

"Toys "R" Us Canada is a good business", CEO Isacc Larian said in a statement last week.

Once Toys "R" Us completes its recently-announced liquidation, it will leave more than 700 large, empty retail spaces throughout the US.

Shoppers visiting the soon-to-close Toys R Us store in Johnson City may have been surprised to see signs indicating the business was hiring. In February began going-out-of-business sales at 144 of its USA stores.

Amazon is understood to be mulling an expansion into former Toys R Us sites across the United States as the toy retailer begins its final wind down. It announced last week it would close or sell all of its us locations.

With Toys "R" Us now out of the picture, Kassoff is in discussion with "many toy manufacturers" in an effort to push the reopening process along.

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Toys "R" Us is on its way out, but KB Toys is set to pop back up. The company is also considering selling off other overseas stores, while keeping the business running. "We believe we will have the infrastructure in-place and [hopefully] save the toy industry". Creditors pushed for liquidation because they saw it as the most likely way to be repaid.

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

When a store files for bankruptcy, gift card holders are out of luck or with limited options, says Horton, but she offered the following tips when it comes to buying gift cards.

Kassoff said he's been in contact with Hasbro Inc. and Mattel, Inc. and up to 200 smaller toy suppliers who are looking for new brick and mortar retailers.

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