The decline of toy retailer Toys R’ Us points to an even larger opportunity afoot for Amazon.com, Inc. (NASDAQ:AMZN), and a new report suggests the company is looking at taking advantage of it in a slightly unexpected way. Amazon is reportedly looking to expand its physical retail footprint by scooping up some of the shuttered Toys R’ Us locations.
Bloomberg has the news on what Amazon is considering.
Amazon.com Inc. has looked at the possibility of expanding its retail footprint by acquiring some locations from bankrupt Toys “R” Us Inc., according to people with knowledge of the situation.
The online giant isn’t interested in maintaining the Toys “R” Us brand, but has considered using the soon-to-be-vacant spaces for its own purposes, said the people, who asked not to be identified because the talks are private.
There have been rumblings that Amazon is looking towards brick-and-mortar as part of its next phase of growth, and several recent moves suggest that take may be on the money. Last year, the company scooped up Whole Foods and its more than 450 locations, and the e-commerce giant has also opened up its own physical bookstores and an experimental small-format convenience store concept.
No comment has been forthcoming from Amazon as of yet, and it’s unclear if the plans are anything more than an idea at this point.
Amazon.com, Inc. shares rose $4.82 (+0.31%) in premarket trading Tuesday. Year-to-date, AMZN has gained 32.11%, versus a 1.36% rise in the benchmark S&P 500 index during the same period.