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Amazon In Talks To Buy Toys “R” Us Stores In U.S.

by Forbes Middle East Forbes Middle East - Business News
Amazon is reportedly in talks with Toys R Us to acquire some of its stores in the U.S, shortly after the toy retailer revealed that it is closing its stores in the country.
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The online giant, however, is not interested in maintaining the Toys R Us brand, but it will use the stores for its own purposes.
With more than 5 billion items shipped worldwide in 2017, Amazon is expanding rapidly. The companys net sales increased by 31% to 177.9 billion, making Amazon one of the fastest growing firms in the world and turning its founder Jeff Bezos into a billionaire. Currently, Bezos is the worlds richest man with a net worth that Forbes estimates to be $122 billion.

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Created on Mar 21st 2018 01:41. Viewed 480 times.

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