Bidding continues for Toys ‘R’ Us locations
Bankrupt Toys “R” Us is slowly liquidating its huge real estate portfolio.
Following an auction earlier this year, another round of the retailer’s 800-plus stores has been bid on, and the buyers include Aldi, Big Lots, Ollie’s Bargain Outlet and Ashley Furniture, reported CNBC. The report cited court documents filed Wednesday in Virginia.
“There are also a lot of people waiting on the sidelines to see how the [Toys R Us locations] price and if they can get a bargain for the real estate,” Bill Read, executive VP of consulting group Retail Specialists, told CNBC.
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