Amazon is looking to buy abandoned Toys ‘R’ Us storefronts once the company shuts them down for good.
The online retail giant is looking at the possibility of acquiring some Toys ‘R’ Us locations as it expands its brick-and-mortar footprint across the country, Bloomberg reported. The stores could be used to showcase its Echo devices.
Toys ‘R’ Us filed for bankruptcy last week. At the beginning of 2018, the chain had more than 800 stores before announcing in January that it would shutter 180 stores.
“Today marks the dawn of a new era at Toys“R”Us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way,” said Dave Brandon, chairman and chief executive officer.
» RELATED: 5 things to know about Amazon in Monroe
The possible interest comes as Amazon enters the brick-and-mortar game. The company purchased Whole Foods lst year, and it is also opening bookstores. Its cashless convenience stores, Amazon Go, are also reportedly expanding in states across the U.S. in coming years.
So, how does Amazon Go work? Consumers use the Amazon Go app to enter the store, take the products they want and walk out. No checkout. No lines.
The store’s technology uses computer vision, sensor fusion and deep learning to automatically detect when products are taken or returned to the shelves and keep track of them in a virtual cart. Customers grab their items and go, and then their Amazon account is charged with the bill. The store will offer ready-to-go meals, grocery essentials and even locally made food.
FIVE FAST BUSINESS READS
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.