Thursday, February 22, 2018

Toys are not us, investors to Target


Target Corp should hold off on plans to cash in on a perceived advantage in toys after the collapse of Toys “R” Us, several of the company’s investors told Reuters, worried it could eat up capital desperately needed in an Amazon-dominated retail world.

When the biggest toy retailer in the U.S. went bankrupt last September, analysts parsing through the wreckage came to the conclusion that Target would be among the biggest beneficiaries.

Of the 182 Toys “R” Us stores scheduled to close in the first half of 2018, 93 percent are within a 15-minute drive of at least one Target store and analysts say the department-store chain should see more traffic as a result.. . . more