Speculation continues to brew about Toys "R" Us
The Wall Street Journal reports that Toys "R" Us is actively seeking bidders for its toy business, with buyout firms Apollo Management and Blackstone Group named in the article.
The rumors first began back in August, when the toy purveyor said it would consider the option of selling its toy business in order to focus on its growing Babies "R" Us chain. That, of course, fueled speculation that Toys "R" Us might be destined to follow in the footsteps of Kmart
It became apparent that things aren't particularly good in the toy arena, what with recent earnings reports that showed there was no holiday for Hasbro
However, more positive word came to the surface recently, when USA Today reported that Wal-Mart
The WSJ article says the company is focused on "making this a very profitable holiday season for Toys "R" Us," even while it's searching for suitors. Shareholders undoubtedly hope so. If the company is going to go this route, there's a good possibility there's no time like the present to put on the best impression.
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Alyce Lomax does not own shares of any of the companies mentioned.