Amazon.com Inc. is looking into buying some locations from troubled toy retailer Toys R Us Inc. to expand its presence in the brick-and-mortar retail space, Bloomberg News reported March 19, citing unnamed sources.
Additional stores would lend Amazon more space to showcase its products and would also allow the company to put inventory nearer to consumers, the report said. People with knowledge of the situation told the news outlet that the e-commerce giant has no interest in keeping the Toys R Us brand.
According to the report, the discussions are private and may not materialize into a deal.
Toys R Us, which sought Chapter 11 protection in September 2017, recently disclosed plans to sell or close all of its stores in the U.S. and wind down its U.K. operations.