Toys R United States to shutter 100 stores in the UK


Administrators have failed to find a buyer for the nation's biggest toy retailer, which employs more than 3,000 people, The Guardian reports.

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.

Toys R Us will shut all 100 of its United Kingdom stores after the retailer's collapse into administration.

Stores will remain open until further notice and stock will be subject to a clearance discount or other special promotions.

Around 25 branches of Toys R Us are closed already, or will be closing over the next few days.

"The closure programme for the remaining stores is expected to take approximately six weeks to complete with further announcements to follow".

"It is therefore with great regret that we have made the hard decision to. proceed with a controlled store closure programme", Thomas said.

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Recent reports indicate the U.S. division of Toys "R" Us could face similar closures and has already shut down stores in two waves.

In Britain, the administrators had been trying to sell parts of the business.

Toys R Us is no longer accepting giftcards and vouchers. Download it today and continue to enjoy STV News wherever you are.

"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.

The company has been dealing with financial difficulties and poor sales for some months.

A closure process has also already begun with 26 loss-making stores earmarked from late past year, when Toys R Us UK pushed through a restructure in its company voluntary agreement (CVA) proposal that was approved just before Christmas.

The Sun Online has contact Toys R Us and we are expecting a statement shortly.