Date for closure of Toys R Us at Lakeside confirmed

The Toys

The closure will result in the loss of 2,000 jobs.

When the chain of large toy shops failed in February, Moorfields, the insolvency specialist, began selling off its stock.

It has just over a month since Toys R' Us announced that it would be entering administration - sad news, yes, but with the added bonus that we could all avail of ludicrous discounts and relive our youth one last time at cut-price rates. "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".

Now, Larian says he's contributing "a substantial amount" of his own funds to the deal, and that his company MGA isn't participating in the takeout offer.

This morning, Carpetright said it was seeking agreement from landlords to close 81 stores, while slashing rents on a further 113 outlets.

Cynthia Nixon blunts John Boehner's curiously sudden support for marijuana reform
Boehner said in a statement his position "has evolved" from opposing to supporting legalization of marijuana. According to the investment bank, Cowen & Co, the legal industry is expected to reach $75 billion by 2030.

Following a restructuring plan that failed and poor sales during the holiday shopping season in the USA, it was announced by the company in March that it would shutter its US and Puerto Rico stores.

Toys R Us in Norwich is set to close.

High street retailers such as Toys R Us have been battling against a combination of rising costs and a fall in consumer confidence.

Traditional brick and mortar retailers in both the USA and the United Kingdom amongst other nations have faced mounting pressure because of the continued increase in shopping online by consumers.

Stores are now offering discounts of up to 70 per cent on remaining products.

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