Toys R Us store closures due 'in coming days'

By James Sillars, Business Reporter
Toys R Us customers are being told they may only have days to secure big discounts in the wake of the chain's UK collapse this week.
Administrators from Moorfields Advisory say they have commenced a "nationwide closing down sales programme" across the entire Toys R Us and Babies R Us store estate.
All 105 stores are continuing to trade despite its surrender to deep financial problems on Wednesday that left 3,000 jobs at risk.Electrical retailer Maplin has also entered administration, and efforts to find buyers for both companies are continuing.
Toys R Us store closures due 'in coming days'

Only Toys R Us UK is affected by the administration
Moorfields said discounts of up to 25% were now available on all products at Toys R Us and stock levels were high."Some stores in the portfolio may be subject to closure in the coming days, and so customers are encouraged to take advantage of the heavy discounting as soon as possible," the administrator said.
It added that gift cards and vouchers would continue to be honoured while stores continue to trade, and confirmed that deposits paid by customers under Take Time To Pay agreements for larger purchases would also be honoured.However, it said that was conditional on outstanding balances being paid and goods being collected by 11 March.Joint administrator Simon Thomas said: "We've introduced heavy discounts across the entire Toys R Us store portfolio today.
More from Business

RBS “within weeks” of huge US mortgage mis-selling fine

Lose pay or face danger: Dilemma for couriers as extreme weather bites

Bank governor Carney seeks Cryptocurrency regulatation ahead

UK Gas crunch eases despite freeze but energy bills to rise

Trump steel tariff plan sparks UK backlash and trade war fears

Michael Gove: Water companies must clean up their act or face tougher regulation

"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."
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Март 2018    »