With liquidation sales in the offing, some 700 Toys “R” Us locations will soon be up for grabs. But who wants them? With big-box chains like Best Buy shedding stores, and others like Target focusing on smaller urban footprints, it may be up to Amazon to fill the void. Indeed, the e-tail giant has reportedly been considering T”R”U real estate, perhaps for use as localized distribution centers, which would add to its now considerable brick-and-mortar holdings.
“The collapse of Toys “R” Us Inc. is yet another blow for landlords, who now have gaping holes of suburban retail space up for grabs. And few tenants would want them.”
See the full story at Crain’s Detroit Business and Bloomberg.
