Toys R Us is closing or selling all 735 of its US stores after filing for bankruptcy. Amazon, Walmart, and Target have been named as the retailers most likely to benefit from its collapse. According to Credit Suisse analysts, Target could be the front-runner due to a large overlap in store locations and offerings. According to its research, 90% of Toys R Us stores and 96% of stores in its sister chain, Babies R Us, are located within five miles of a Target store.
Toys R Us is closing or selling all 735 of its US stores after filing for bankruptcy. Amazon, Walmart, and Target have been named as the retailers most likely to benefit from its collapse. According to Credit Suisse analysts, Target could be the front-runner due to a large overlap in store locations and offerings. According to its research, 90% of Toys R Us stores and 96% of stores in its sister chain, Babies R Us, are located within five miles of a Target store.
KB Toys to Make Comeback After Toys ‘R’ Us Closures Now that Toys ‘R’ Us is liquidating 703 of its stores, the company that bought KB Toys is ready to return with a bang. The New York Post reported Strategic Marks, a California based company, will open pop-up stores in malls for the Black Friday season. The company’s chief executive originally planned to revive the retailer online but changed pace when Toys ‘R’ Us announced its closures. Strategic Marks purchased KB Toys in 2016 but the toy store ceased operations early in February 2009.