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Toys ‘R’ Us prepares to shut a quarter of its 105 UK stores

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 Ukshep    24,117

Toys R Us is preparing to close around a quarter of its 106 UK stores, with the loss of hundreds of jobs, the BBC understands.

The closures would form part of a deal to renegotiate debts owed by the company to its landlords – which must be agreed by 75% of its creditors.

The toy giant, which has around 3,000 workers, is looking to move away from its “big-box” out-of-town store model.

Christmas trading and gift cards are not expected to be affected.


Just more of the same, Business's downsizing.... *sigh*

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