Looking for a bargain? Toys R Us administrators launch closing down sale
PUBLISHED: 12:21 02 March 2018 | UPDATED: 14:54 02 March 2018
Copyright: Archant 2018
The end looks nigh for Toys R Us as administrators have begun a closing down sale at the troubled retailer.
The company entered administration on Wednesday after a poor Christmas left it unable to pay a £15m tax bill.
The group, which has stores in Norwich and Ipswich, is continuing to operate and administrators Moorfields have said there will be a 25% discount on everything.
Some stores may close in the coming days once stock is depleted.
Simon Thomas, Joint Administrator and Partner at Moorfields, 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.”
Gift cards and vouchers will be honoured while stores continue to trade.
Toys R Us collapsed on the same day that electronics retailer Maplin entered administration marking a dark day for the high street as retailers continue to struggle in the face of rising costs, high competition and the strength of e-commerce.
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