Aldi, Target to bid on Toys R Us stores

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Aldi, Target to bid on Toys R Us stores

By Gina Acosta - 03/29/2018

Aldi, Target, Big Lots and other retailers are bidding for stores vacated by bankrupt Toys R Us.

Toys R Us has said it is closing all of its 800 stores in the United States. The chain, which was once one of the biggest toy retailers in the country, has dealt with roughly $8 billion in debt.

According to CNBC, many Toys stores are scheduled to be auctioned off later this week, according to court documents filed Tuesday.

According to CNBC, out of the 58 "qualified bids" being considered, Target and Aldi both are looking at one location in Florida, which is near a handful of college campuses.

Big Lots is bidding on five stores — in Fresno, California; Exton, Pennsylvania; Durham, North Carolina; Woodbridge, Virginia, and Indianapolis. Furniture chain Raymour and Flanigan is looking to bid on three stores — two in New Jersey and one in New York. 

Other names on the list of bidders (see a full list below) include Ashley Furniture, Shoe Station, Food Bazaar and Fit Factory. Amazon is also reportedly mulling whether to buy some of the Toys R Us stores.

A complete list of the retailers looking to buy Toys R Us locations is here.

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