Troubled US retailer says it needs to act as its warehouse-style outlets are ‘too grand and expensive’Struggling US retailer Toys R Us has confirmed plans to close to a third of its permanent UK stores but says all the branches will remain open through Christmas and the unique year.
Up to 800 jobs are threatened by the potential closure of at least 26 of Toys R Us’s 84 permanent UK stores from spring next year. It is seeking to reduce the size of a further 26 stores along with rent reductions on those and 12 more stores. Continue reading...
Source: guardian.co.uk