Overcast

Overcast

max temp: 13°C

min temp: 9°C

Search

Toys R Us reveals which 26 stores are to close

PUBLISHED: 11:56 05 December 2017 | UPDATED: 11:53 06 December 2017

Sale signs outside a Toys R Us store as the company faces filling a £9m pension gap or going into administration by Christmas. Picture: Andrew Matthews/PA Wire

Sale signs outside a Toys R Us store as the company faces filling a £9m pension gap or going into administration by Christmas. Picture: Andrew Matthews/PA Wire

Retailer Toys R Us has revealed the stores to be closed as part of a restructuring programme.

Outlets in Norwich and Ipswich have survived the axe but the Cambridge shop will be shut, documents have shown.

However, the Norwich store is underperforming and is seeking a rent reduction in order to make it viable, according to insolvency advisers who compiled the plans.

READ MORE: Norwich’s Toy R Us store could face closure unless rent reduction is agreed

Steve Knights, managing director of the UK arm of the American chain, said large warehouse-style stores were at risk from the proposals which have been made “to meet the evolving needs of customers”.

All stores will be remaining open over the Christmas and New Year period with 26 set to close in 2018 – with the loss of up to 800 jobs.

They are: Aberdeen, Basingstoke, Belfast - Newtownabbey, Birmingham - St Andrews, Bolton, Bradford, Brislington, Cambridge, Cardiff, Derry City, Doncaster, East Kilbride, Exeter, Hayes, Kirkcaldy, Leicester, Livingston, Old Kent Road, Plymouth, Scunthorpe, Shrewsbury, Tamworth, Tunbridge Wells, Watford, York and Manchester - Central Retail Park.

Mr Knights said: “All of our stores across the UK remain open for business as normal through Christmas and well into the New Year. Customers can also continue to shop online and there will be no changes to our returns policies or gift cards across this period.

“Our newer, smaller, more interactive stores are in the right shopping locations and are trading well, while our new website has generated significant growth in online and click-and-collect sales.

“But the warehouse style stores we opened in the 1980s and 1990s, while successful in the early days, are too big and expensive to run in the current retail environment. The business has been loss making in recent years and so we need to take strong and decisive action to accelerate the transformation.”

Dave Brandon, chairman and chief executive of the group, said, “As we continued to work through the financial restructuring process, we made the decision to take action to put our UK operation on stronger financial footing.

“Through the CVA process, we hope to receive authorization to restructure our UK lease obligations so that we will be better able to invest in our UK business and further improve the customer experience.

“Importantly, our stores and operations in our other global markets will not be impacted by this process.”

Police have charged a 31-year-old man in connection with a serious crash in Ipswich at the weekend.

Mint ice cream, chocolate chip cookie dough ice cream, peanut cookie dough bites and granola are just a few of the products that are being recalled. Find out why here.

Can you see yourself or someone you know in our photo gallery? All pictures were taken at Yates in Ipswich on Saturday, April 21.

Anglia Retail Park on the edge of Ipswich is set to be full for the first time in years by the end of the summer as furniture and household retailer Dunelm moves to the site.

Between them, Roger Dunnett, Ian Lower and Ian Knights have lost an incredible 14st.

Greater Anglia is working on a new way of helping passengers when the region’s rail service faces problems.

Suffolk-born campaigner Millicent Fawcett – a key player in the fight for women’s suffrage – has become the first woman to be honoured with a statue in one of London’s most famous squares.

Ipswich Dock was completed in 1842. The Royal Assent from Queen Victoria for the Ipswich Dock Act was received in June 1837.

Ipswich is to play host to another gathering of the Dunkirk Little Ships over the late May bank holiday.

Police have arrested four people in connection with a murder investigation launched in Colchester yesterday.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24