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Toys R Us UK goes into administration

By Alex Wiggan

It’s official – The UK arm of Toys R Us has gone into administration.

According to the BBC, administrators have been appointed after the toy retailer failed to find a buyer. All 105 Toys R Us stores will remain open for now, but the process of winding down the business will now take place.

Joint administrator, Simon Thomas, said: “Whilst this process is likely to affect many Toys R Us staff, whether some or all of the stores will close remains to be decided.”

The retailer’s online and click-and-collect services will now be closed with immediate effect and customers with gift cards are being advised to spend them as soon as possible. A large in-store sale is expected to take place shortly.

Sad news.

 

 

About the author: Alex Wiggan has written blog posts for Honcho-SFX blog since October 2014. He likes writing, eating pizza and watching Teenage Mutant Ninja Turtles. Sometimes in that order.

 

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