All Toys R Us stores will close in less than TWO weeks as it continues clearance sale
THE former high street favourite will shut its remaining 75 shops by Tuesday, April 24
THE former high street favourite will shut its remaining 75 shops by Tuesday, April 24
COLLAPSED retailer Toys R Us will close its remaining UK stores for good in less than two weeks.
The former high street favourite entered administration in February, with shops across the country holding closing down sales to get rid of stock.
And now it's been confirmed that the final 75 stores will be shut for good by Tuesday, April 24, affecting 2,054 members of staff.
The staff have been told of the closure dates and will be paid up to and including their last day of employment.
Selected items at the remaining stores will be discounted by up to 70 per cent.
Simon Thomas, joint administrator and partner at the retailer's administrators, Moorfields, said: "We are grateful for the hard work of everybody at Toys R Us during this extremely difficult and challenging time.
HERE are the closure dates of he last remaining 75 Toys R Us shops.
"We are working closely with the 2,000 employees affected by the closures to ensure they receive the support they need for redundancy and other compensatory payments.
"The stores across the county will be open as usual until the last day of trading and we would encourage shoppers to make the most of the great deals on offer.
Extended discounts of up to 70 per cent are in place from today and offers are available on some of our best-known brands."
The closure marks a sad end to Toys R Us in the UK.
Before Christmas it had hoped to have staved-off the threat of administration after reaching a deal with UK's pension lifeboat to plug a £9million blackhole.
The retailer had until February 27 to pay off the bills but it failed to meet it.
As part of the firm's Company Voluntary Agreement (CVA) agreement, it had announced it was closing 25 of its 106 stores across the country,
But even that wasn't enough to prevent the chain from going to the wall.
Many high street names are having a difficult time.
Electrical retailer Maplin also collapsed in February, putting 2,500 jobs at risk, while Italian chain Prezzo will be shutting 94 branches with the loss of 1,000 jobs.
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