Which Toys R Us stores are closing?

Toys R Us Files For Chapter 11 Bankruptcy Protection

Toys R Us Files For Chapter 11 Bankruptcy Protection

The struggling retailer said that it was taking "strong and decisive action" by entering a company voluntary arrangement, a contentious insolvency process used by retailers to close loss-making stores, in an attempt to revive profits in its United Kingdom business.

Toys R US UK said it expected to begin the store closures in the spring.

Steve Knights, managing director of Toys R Us UK, said the company had to take "strong and decisive action" as its largest warehouse-style stores opened in the 1980s and 1990s were "too big and expensive to run in the current retail environment".

It said that it would be instigating a so-called "Company Voluntary Arrangement" under which it will seek creditor approval to shut outlets in order to save costs. "We will continue to honour gift cards and "Take Time To Pay" agreements and there will be no change to our returns policy". The company hopes to redeploy any staff members from the Cambridge store, just off Newmarket Road, where they can.

Curry, Warriors rally past Pelicans
New Orleans coach Alvin Gentry said the good news about the injury Davis sustained at Utah is that it is not more serious. Kirkland was suspended by the league for a week for his role in the incident, which led to the two bumping foreheads.

The UK business is understood to have made a loss for seven out of the past eight years of trading.

This would "reduce the United Kingdom company's rental obligations and allow the business to move to a new, viable business model".

Toys R Us on the Meole Brace Retail Park in Shrewsbury.

'The decision to propose this CVA was a hard one, but we (are) determined it is the best path forward to make essential changes to the business'.

US Special Counsel Robert Mueller has subpoenaed Donald Trump's Deutsche Bank records
Trump borrowed $640m in 2005 from the bank to build Trump International Hotel & Tower in Chicago. Camera IconUS Special Counsel Robert Mueller is looking into the finances of the Trump family.

Retail analyst Kate Hardcastle, from Insight With Passion, said the challenge facing Toys R Us is a common theme of retailers.

In September, the company's United States arm filed for bankruptcy protection to restructure debts of £3.7bn.

If approved, Toys R Us UK would see its rental obligations "substantially reduce", and allow it to move forward with a "new, viable business model" that would include a raft of store closures.

Cinnabon fuses cookie, cinnamon bun for new treat on National Cookie Day
Run, don't walk, to the following places for your free cookie fix! Whole Foods' cookie bar is offering items for 50% off. Penn Station East Coast Subs : With any sandwich purchase Monday, get a free chocolate chunk cookie bite.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.