Big brands capitalise on Toys R Us turmoil
The Wall Street Journal reported that the biggest beneficiaries of Toys R Us' woes are likely to be Amazon, Walmart , and Target , which have already begun moving aggressively into the toy market. Amazon’s toy sales in the U.S. grew by about 12% last year, reaching $4.5 billion. But, there are surprise beneficiaries - one is Best Buy , which has already fought back successfully against Amazon. Analysts expect the electronics chain to ramp up sales of increasingly popular robotic and other electronic toys.