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Final closing dates for Toys R Us stores are revealed

PUBLISHED: 11:30 12 April 2018 | UPDATED: 11:31 12 April 2018

Toys R Us in Norwich is set to close. Picture: Denise Bradley

Toys R Us in Norwich is set to close. Picture: Denise Bradley

Archant

The closing date for the Norwich and Ipswich Toys R Us stores have been confirmed.

The Norfolk store will be among the final shops to go on April 24 with the Suffolk outlet shutting its doors the day before, administrator Moorfields has confirmed.

They will be among 75 Toys R Us and Babies R Us stores across the country which will close this month wit 2,054 employees losing their jobs.

Simon Thomas, joint administrator and partner at Moorfields, said: “We are grateful for the hard work of everybody at Toys R Us’ during this extremely difficult and challenging time. We are working closely with the 2,000 employees affected by the closures to ensure they receive the support they need for redundancy and other compensatory payments.”

It will mark a sorry end to the long-running saga which began in December after tough trading conditions and a pensions black-hole left the chain on the brink.

However, the firm was saved from administration after reaching a restructuring agreement with the pensions lifeboat.

But it proved only a temporary reprieve with reports of a £15m tax bill looming over the group which eventually saw it collapse into administration in February.

Electronics retailer Maplin went into administration on the same day, putting a further 2,500 retail jobs in doubt.

Maplin is also clearing stock, and administrators at PwC have been forced to make staff at the retailer’s head office redundant.

Meanwhile, New Look and Carpetright have both announced plans to shut stores as part of restructuring plans.

This morning, Carpetright said it was seeking agreement from landlords to close 81 stores , while slashing rents on a further 113 outlets.

High street retailers such as Toys R Us have been battling against a combination of rising costs and a fall in consumer confidence.

Many retailers have also struggled to keep up with the rise of online retailing and a change in shopping habits.

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