Toys R Us to close all 100 UK stores with loss of 3,000 jobs
Staff told that no buyer has been found for toy chain that collapsed into administration last month
All 100 Toys R Us stores in the UK will close within six weeks with the loss of 3,000 jobs after administrators failed to find a buyer.
Toys R Us collapsed into administration last month and launched a nationwide closing down sale in a bid to bring in some cash.
The toy chain appointed Moorfields as administrators at the end of February but no buyer was found by a deadline of midday on Wednesday, meaning that all stores will shut. Moorfields said 67 staff at Toys R US' headquarters in Maidenhead were made redundant on Wednesday.
A total of 25 stores already earmarked for closure as part of a failed rescue package will shut by tomorrow, with the remaining 75 outlets closing in the next six weeks.
Simon Thomas, joint administrator and partner at Moorfields, said there had been "some interest" in buying Toys R Us but ultimately no party was in a position to do a deal before Wednesday's deadline.
Mr Thomas added: “It is therefore with great regret that we have made the difficult decision to make a number of positions redundant at the Company’s head office in Maidenhead and proceed with a controlled store closure programme.
"We are grateful for the hard work of Toys R Us staff during this very difficult period and will be providing support where we can to those who have been made redundant.”
“All of the remaining 75 Toys R Us and Babies R Us stores will remain open until further notice. We’re extending the nationwide discounting programme and would like to encourage customers to take advantage of the special offers available in store while stock levels remain high.”
Toys R Us is one of a slew of high street names to have been hit by a cocktail of rising inflation, increasing business rates, a hike in minimum wages and the surging popularity of online competitors such as Amazon.
Maplin also recently went into administration and New Look announced last week that it was cutting hundreds of jobs.
Many of Toys R Us’s small stores have proved relatively resilient in recent years and the company’s online performance has been robust too. But the bigger, warehouse-style outlets, opened in the 1980s and 90s, have become expensive to run, placing a heavy burden on the balance sheet.
Customers will still be able to take advantage of discounts across the Toys R Us range in stores that remain open.
Stores that remain open until further notice:
The Lanes Shopping Centre, Carlisle
Craigleith Retail Park, Edinburgh
Glasgow The Forge, Glasgow
Helen Street, Glasgow
Thistle Marches Shopping Centre, Stirling
Metro Retail Park, Gateshead
The Kingsway Park, Dundee
The Bridges Shopping Centre, Sunderland
Teesside Retail Park, Teesside
Castle Court Shopping Centre, Belfast
Deepdale Retail Park, Preston
The Mall, Blackburn
Sprucefield Park, Lisburn
Union Square, Aberdeen
Gelderd Road, Leeds
Paisley Street, Liverpool
Europa Boulevard, Warrington
Central Retail Park, Manchester
Ings Road, Wakefield
Peel Centre Trading Park, Stockport
Chester Retail Park, Chester
Broughton Retail Park, Broughton
Frenchgate Shopping Centre, Doncaster
Meadowhall Retail Park, Sheffield
Kingston Park, Hull
Spire Walk Business Park, Chesterfield
Festival Park, Stoke-on-Trent
St. Peter's Retail Park, Mansfield
Queens Retail Park, Stafford
Wyvern Way, Derby
The Sidings, Lincoln
Victoria Centre, Nottingham
Riverside Park, Nottingham
Merry Hill Retail Centre, Dudley
Wolverhampton Road, Oldbury
Highcross Shopping Centre, Leicester
Oakenshaw Road, Solihull
Cross Point Business Park, Coventry
Bourges Boulevard, Peterborough
Weston Favell Centre, Northampton
Towcester Road, Northampton
Castle Quay Shopping Centre, Banbury
St Ann Road, Gloucester
The Leisure Plaza, Milton Keynes
Interchange Retail Park, Bedford
Parc Tawe, Swansea
Botley Road, Oxford
Cribbs Causeway, Bristol
Queens Arcade, Cardiff
Westwick Street, Norwich
Oxford Road, Swindon
Gipsy Lane, Luton
Roaring Meg, Stevenage
Eden Shopping Centre, High Wycombe
Queensgate Centre, Harlow
Intu Uxbridge Shopping Centre, Uxbridge
Reading Gateway, Reading
Great Cambridge Road, Enfield
Brent Cross, Brent Cross
London Road, Ipswich
Elmsleigh Shopping Centre, Staines Upon Thames
Whiteleys Shopping Centre, Bayswater, London
Newbury Park, Ilford
Church Street, Woking
Priory Retail Park, Colliers Wood, London
Bell Green Retail Park, Sydenham
Southernhay, Basildon
Trojan Way, Croydon
Shopping Centre, Bromley
Lakeside Retail Park, Thurrock
Western Esplanade, Southampton
Horsted Retail Park, Medway
Nuffield, Poole
Ocean Park, Portsmouth
Goldstone Retail Park, Brighton
Stores included in the closure programme and their respective closure dates:
Aberdeen - Wednesday 14th March
Basingstoke - Wednesday 7th March
Belfast - Tuesday 13th March
Birmingham - Sunday 11th March
Bolton - Thursday 15th March
Bradford - Thursday 15th March
Brislington - Tuesday 13th March
Cambridge - Saturday 10th March
Cardiff - Thursday 15th March
Derry City - Monday 12th March
Doncaster - Saturday 10th March
East Kilbride - Sunday 11th March
Exeter - Friday 9th March
Hayes - Wednesday 7th March
Kirkcaldy - Monday 12th March
Leicester - Saturday 10th March
Livingston - Tuesday 13th March
Old Kent Road - Thursday 8th March
Plymouth - Friday 9th March
Scunthorpe - Friday 9th March
Shrewsbury - Monday 12th March
Tamworth - Friday 9th March
Tunbridge Wells - Thursday 8th March
Watford - Saturday 10th March
York - Monday 12th March
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