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Toys R Us closing all UK stores

Quote:

All Toys R Us stores in the UK are to shut following its collapse into administration last month.

Administrators have failed to find a buyer for the nation's biggest toy retailer, which employs more than 3,000 people, The Guardian reports.

After the news was announced to staff on Wednesday, 25 stores are expected to close later this week, with a further 75 shutting in the next 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. This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.

"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 difficult period and will be providing support where we can to those who have been made redundant."

Moorfields Advisory was appointed at the end of February to begin "an orderly wind-down" of Toys R Us, the BBC reported.

The company has been dealing with financial difficulties and poor sales for some months. After it filed for bankruptcy in September, the organisation announced in January that it was planning to close around 180 locations across the US.

It's now thought that the chain of toy stores might decide to liquidate all its US shops.

An other well known name leaving the retail parks, my boys used to love it

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Originally Posted by Cherie (Post 9919335)

An other well known name leaving the retail parks, my boys used to love it

Things are cheaper online or in argos, I suppose you can't blame people for hunting down the cheaper prices, things are expensive

I've never understood how they managed to stay in business. They were overpriced and I'd never seen a lot of people in their shops?... we used to go in for collector's edition stuff. For example, the Christmas barbies... my grandmother fought a mob to get those

I'll miss the adverts at Christmas. :(

As my childhood went on Toys R Us just became less and less appealing. For me there was just a lot less on offer for twice the price as my childhood continued. When I last went maybe 2 years ago it was just the dullest thing ever and the range was appalling. When we did find what we wanted (we were looking for board games I think) we found the perfect one but it was twice the price of anything we found in other shops.

Just so expensive I remember when they use to sell Top Trumps for a fiver yet you could get them for a couple of quid elsewhere

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Originally Posted by Niamh. (Post 9919337)

Things are cheaper online or in argos, I suppose you can't blame people for hunting down the cheaper prices, things are expensive

I'm not blaming customers of course they are going to go elsewhere if prices are more competitive, we haven't visited probably since the boys were 10 so nearly 11 years, its just a shame that they were so badly managed like Woolies

The model of large warehouse type stores outside town centres stopped working for them really, those sort of places don't offer great shopping experiences and they're not attractive destinations. They didn't really make any effort to change over the last twenty years either.

Maybe kids are growing out of toys faster now, and want phones, tablets, computers etc. ?

i remember buying toys for kids there when it was a new experience 30+ years ago. At that time it was great, there was nowhere else like it and everything was available in one shop. Move forward 20 years where there is more choice, people can order their toys online with no special trips necessary and can search out the best prices. Toys R Us have been on borrowed time for at least 10 years and did nothing to change their business model and move with the times. It's amazing it kept going as long as it did.

Sad times. Memories of the one next to Brent Cross exist for many Londoners I’m sure :(

Like Blockbuster, they couldn't keep up with market changes and adjust themselves, too confident in the brand and they lost.

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Originally Posted by Brother Leon (Post 9919678)

Sad times. Memories of the one next to Brent Cross exist for many Londoners I’m sure :(

Going to Tesco and then stopping at Toys R Us on the way out :love:

Like Rob said, I’ll miss the adverts :( but it isn’t the end for them as a business. C&A is massive outside the UK

Omg I forgot about that

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There’s a magical place
We’re on our way there
With toys in their millions
All under one roof
It’s Called Toys’R’Us!

Great childhood memories! :(

But, hey, we still have jam and bread.