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.
Amazon.com is a Motley Fool Stock Advisor pick. What else is on the list? Try it for six months, risk-free.
Alyce Lomax does not own shares of any of the companies mentioned.
More from The Motley Fool
What Will Strong Nerf Sales on Amazon Mean for Hasbro?
Amazon said Hasbro's Nerf N-Strike Elite Strongarm Blaster was the best-selling toy on Amazon over the holidays. That won't necessarily translate to a blockbuster quarter for the toymaker.
Are Strong Sales of Robotic Vacuums on Amazon Good News for iRobot?
Robotic vacuums were among the best-selling home items on Amazon over the holidays. Will that translate into strong results for iRobot?
Will Roku's TV Sales on Amazon Move the Needle?
Roku had two of the top-selling televisions on Amazon over the holidays, but what will that mean for Roku's earnings?