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Final closing dates for Toys R Us stores are revealed

Final closing dates for Toys R Us stores are revealed

As Toys "R" Us continues the process of shuttering its United States operations-and closes down all of its UK locations-the retailer has received an US$80-million commitment from its Taj noteholder group that will be used as incremental financing for its Asian and Central European operations.

Daily Star Online previously revealed heartbreaking pictures of some of the planned-to-close 26 Toys R Us stores looking empty and eerily quiet.

The Coventry branch at Cross Point Business Park is set to close on Tuesday April 24 and has been holding an "everything must go" sale in the run up to its final day of opening.

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".

Toys R Us had been facing a £15 million tax bill combined with poor sales before its failure in February. "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".

Beleaguered retail chain Toys R Us Inc.is negotiating to sell its 85 percent stake in its Asian business, including the Japan operations.

At the same time, its United Kingdom operation said it would also close its doors after attempts to find a buyer for its 100 retail stores there failed and the firm fell into administration.

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

Toys R USA continues to operate more than 700 stores across Asia, including Japan, China and Singapore.

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