As Toys “R” Us mulls another round of store closures, Target is positioned to benefit most from the fallout.
The embattled toy retailer is considering closing more than 100-plus
stores. If this plan materializes, Target is primed to pick up some lost
sales, according to CNBC.
According to a note to his clients, UBS analyst Michael Lasser said
in the report, “93% of Toys “R” Us stores are within a 15 minute drive
of a Target. Toys “R” Us and Target are exposed to a similar consumer
demographic.”. . . more