Troubled Toys R Us chain set to close all its United Kingdom stores

Lloyd Doyle
March 14, 2018

Among its branches are Gateshead's Metrocentre, Teesside Park, near Stockton, and a pop-up shop in The Bridges, Sunderland, which only opened towards the end of previous year.

Toys R Us collapsed into administration towards the end of February after being hit by crippling debts in the U.S., a significant pension hole in the United Kingdom and a hard trading environment.

Hannah Maundrell, Editor in Chief of, told MailOnline: "The waiting game could be over for Toys 'R" Us staff as all of their stores are now expected to close within the next six weeks after finally filing for administration last month.

At the same time 67 staff at the firm's head offices were made redundant.

A closure process has also already begun with 26 loss-making stores earmarked from late past year, when Toys R Us UK pushed through a restructure in its company voluntary agreement (CVA) proposal that was approved just before Christmas.

Chester's Sealand Road and Broughton Shopping Park store's will close within six weeks. Simon Thomas, joint administrator and partner at Moorfields, said: "We have made every effort to secure a buyer for all or part of the company's business".

Toys R Us is one of the nation's biggest toy retailers, employing more than 3,000 across 100 stores in the UK.

Toys R Us previously stated that all purchased gift cards would be honored until Sunday, March 11, and the retailer has stood by this statement.

Compounding the retail sector's pain are the painful restructurings of high street eateries Byron, Prezzo and Jamie Oliver's casual dining chain, as well as rising business rates bills.

'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'.

Other reports by Iphone Fresh

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