A handful of Toys “R” Us stores will go on the block this week — and they are generating attention among retailers and real estate firms, alike.
Toys ‘R’ Us goes dark for online shoppers
Approximately 10 Toys “R” Us stores are scheduled to be auctioned off on Thursday, and the locations already have 58 “qualified bids” from companies that range from retailers to real estate investment firms, according to CNBC.
According to the report, Target and Aldi both are looking at one location in Florida, while Big Lots is bidding on five stores in Fresno, California; Exton, Pennsylvania; Durham, North Carolina; Woodbridge, Virginia, and Indianapolis. Furniture chain Raymour and Flanigan wants to bid on three stores — two in New Jersey and one in New York. Golf & Tennis Pro Shop, which owns PGA Tour Superstore, will also bid on the Indianapolis store, as well as a location in Vernon Hills, Illinois.
In addition, more than 10 privately owned real estate firms and equity groups are also eyeing the Toys “R” Us real estate, the report added.
For a full list of interested companies, click here.