Published: Fri, April 13, 2018
Medical | By Bryan Strickland

Closing date for Woking Toys R Us

Closing date for Woking Toys R Us

The closure will result in the loss of 2,000 jobs.

The joint administrators of Toys R Us have announced that the final 75 stores in the United Kingdom will close by Tuesday 24 April, affecting more than 2,000 jobs.

The iconic toy chain collapsed in February and insolvency specialist Moorfields has been selling off the retailer's stock at knockdown prices.

Simon Thomas, joint administrator and partner at Moorfields said: "We are grateful for the hard work of everybody at Toys R Us' during this extremely difficult and challenging time".

The retailer's administrators have confirmed over 2-thousand employees will be made redundant.

Returns for refunds and gift cards are no longer being accepted by the company.

The Toys R Us in Cardiff Bay has already shut while the Cardiff Queen Street branch will close on 19th April.

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Following a restructuring plan that failed and poor sales during the holiday shopping season in the USA, it was announced by the company in March that it would shutter its US and Puerto Rico stores.

The store will close on Wednesday April 18th.

It allowed the toys giant to restructure its business in the meantime, including closing two dozen stores, but a saviour failed to materialise.

Stevenage's Toys R Us is to close its doors next Thursday.

Traditional brick and mortar retailers in both the US and the United Kingdom amongst other nations have faced mounting pressure because of the continued increase in shopping online by consumers.

Discounts of up to 70 percent are in place from today and over the next fortnight.

Further "Manager's Specials" deals are available on selected products in stores.

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