All Toys "R" Us shops to shut in Britain

All Toys

Toys R Us was one of the nation's biggest toy retailers and administrators previously said they were making "every effort" to secure a buyer for the business.

The UK arm of the embattled US-based toy chain appointed Moorfields Advisory partners Simon Thomas and Arron Kendall to oversee an administration at the end of February.

The administrator said the company's remaining 75 Toys "R" Us and Babies "R" Us stores would stay open to sell off existing stock, and that the process of closing them would take about six weeks. It had set a deadline of Wednesday to find a buyer for its remaining stores. Twenty Five Toys "R" Us stores have already closed over the past few days, and many others are scheduled to close by Thursday.

'It is therefore with great regret that we have made the hard decision to make a number of positions redundant at the company's head office in Maidenhead and proceed with a controlled store closure programme'.

But no suitor materialised in what is proving to be a awful time for high street retailers.

Jordy Nelson generating interest from multiple teams
The Packers made an unofficial torch passing by signing Davante Adams to a four-year, $58 million extension back in December. He will be a big addition for Green Bay, though the team is also subtracting a key piece with the release of Nelson.

But don't be fooled by the sale stickers after we revealed how the toy retailer is flogging items at higher prices than their rivals. Those sales were extended on Tuesday and products are being offered at discounts of as much as 30pc.

"The closure program for the remaining stores is expected to take approximately six weeks to complete with further announcements to follow", the company said in a statement.

Toys "R" Us recently responded to those reports, though it didn't confirm or deny them outright.

Today (March 14) staff were informed that no buyer had been found and so they would need to start the hunt for new jobs.

"Unfortunately Toys 'R" Us aren't the only retailer who have been struggling recently, so anyone who is anxious about the future of their jobs should hope for the best but prepare for the worst.

Related Articles

  • Bayern legend Elber expects Lewandowski stay

    Bayern legend Elber expects Lewandowski stay

    You could say that it's easy to score goals at Bayern, because the other teams are not good enough, but you still have to deliver. Bayern have advanced to at least the quarterfinals of the Champions League every season since the 2011-12 season.
    Browns add Hyde; Barkley still in play

    Browns add Hyde; Barkley still in play

    The free-agent market's best running back, Dion Lewis, is also off the board, as he'll sign a four-year deal with the Titans. He's never panned out as a full-time runner, but McKinnon showed how dynamic he could be in the right situation a year ago.
    Mkhitaryan could make his mark in Arsenal's Europa League title hunt

    Mkhitaryan could make his mark in Arsenal's Europa League title hunt

    Arsenal manager Arsene Wenger confirms Alexandre Lacazette won't be fit to face Milan tomorrow. They still, however, remain a long way from the dominant team they were over a decade ago.
  • Miley Cyrus Is Being Sued For Allegedly Lifting 'We Can't Stop' Lyrics

    Miley Cyrus Is Being Sued For Allegedly Lifting 'We Can't Stop' Lyrics

    Copyright Office, and in November won "formal copyright protection" for all musical arrangements in " We Run Things ". A Jamaican artist is reportedly suing the pop star over her 2013 single, " We Can't Stop ".
    Which Denver-area counties are the healthiest?

    Which Denver-area counties are the healthiest?

    It's unclear from the data why the county declined in rank, because numerous health outcome measures changed little. The rankings are based on a series of factors such as access to quality education, jobs and housing.
    YouTube to work with Wikipedia to curb conspiracy theories

    YouTube to work with Wikipedia to curb conspiracy theories

    Wojcicki outlined the plan during a session Tuesday at SXSW in an on-stage interview with Wired's Nicholas Thompson. YouTube will help combat that by linking to information about the topic found on Wikipedia .
  • 'On the Run' tour poster inspired by Senegalese film 'Touki Bouki'

    'On the Run' tour poster inspired by Senegalese film 'Touki Bouki'

    Mory, a charismatic cowherd who drives a motorcycle mounted with a bull-horned skull, and Anta, a female student, meet in Dakar. Jay-Z and Beyoncé , married since 2008, will bring their On the Run II stadium tour to New Era Field for an August 18 show.

    IShares 1-3 Year Credit Bond (CSJ) Declines 0.02% for Mar 11

    LLC acquired a new stake in shares of Ishares Core Dividend Growth Etf during the fourth quarter valued at about $124,000. Here we will take a look at the Gross Margin Score of iShares, Inc. - iShares MSCI Taiwan ETF (ARCA:EWT) shares.
    Josh Groban & Special Guest Idina Menzel To Play At Xcel This Fall

    Josh Groban & Special Guest Idina Menzel To Play At Xcel This Fall

    Special guest Menzel is most well-known for lending her voice to Frozen and its uber-popular song "Let It Go". Singer Josh Groban has announced a fall tour with Idina Menzel that will stop in Boston.
  • Unibet Champion Hurdle - Reaction of Winning Connections

    Unibet Champion Hurdle - Reaction of Winning Connections

    Elliott went on: "He looks a very exciting horse and we are very lucky to have him". The best horse was going to win, and thankfully I was on the best horse.
    Sea of Thieves pre-launch competition prize is bananas

    Sea of Thieves pre-launch competition prize is bananas

    Runner-up prizes are also up for grabs, which include limited edition £300 (over $400) Sea of Thieves golden "doubloons". You can, of course, attempt to go it alone with this quest but we've been informed these riddles won't be easy work.
    Oh, Sister: Serena's Comeback Blocked by Venus at Indian Wells

    Oh, Sister: Serena's Comeback Blocked by Venus at Indian Wells

    This is the first time the pair have faced off since Serena beat Venus in the finals of the Australian Open in January 2017. Latvian Sevastova beat German Julia Goerges in straight sets 6-3 6-3.