Toys R Us store closures due 'in coming days' - administrators

2 March 2018, 09:16

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.

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.

"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."