DEVELOPING: Toys R Us CLOSING 106 UK Stores

The children’s toys giant announced on Wednesday its search for a buyer failed and the end was in sight for the once-great empire.

Its 3,200 jobs are now at risk as well as 106 stores across Britain – 26 of which are already closing down as part of plans revealed at Christmas.

Today Toys R Us announced it could shut stores in the “coming days”, and unveiled its massive closing down sales.

Listing all the stores taking part in the sales, it said discounts of up to 25% will be available on all products.

Simon Thomas, joint administrator and partner at Moorfields, said: “We’ve introduced heavy discounts across the entire Toys R Us store portfolio today.

“Customers are encouraged to take advantage of these special offers as soon as possible.

“Whilst stock levels are generally high, customers may find that the more popular brands begin to sell-out over the coming days.”

The company has confirmed it is no longer accepting returns for refunds and shoppers can no longer make orders on its website.

The devastating news came on a harrowing day for the British High Street, as within one hour of its announcement Maplin, Prezzo and Chimichanga then collapsed.

Daily Star Online revealed yesterday heartbreaking pictures of some of the planned-to-close 26 Toys R Us stores looking empty and eerily quiet.

The company had initially saved itself in December by signing a Company Voluntary Arrangement which put debts on hold and gave it time to find a buyer.

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

This article first appeared at the dailystar.co.uk

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