Mr Knights said the larger stores are now “too big and expensive” to run and also stressed the firm’s website has generated “significant growth in online and click-and-collect sales”.Īnd retail experts also see the future of shopping being all about the digital offer – and providing a personal experience for shoppers will be key if stores want to survive. Steve Knights, managing director of Toys R Us UK, has said the company’s focus is now on “newer, smaller, more interactive stores in the right shopping locations”, leading some people in Plymouth’s retail sector to speculate that the company may look for a smaller unit in the city. The CVA will seek creditors’ approval to close some stores to ensure “future growth and profitability”.īlack Friday is a day of sales across the UK (Image: Getty Images) Toys R Us creditors will vote on the CVA on December 21, 2017, following talks with the chain’s bosses. Some staff are understood to have worked for the firm for more than 20 years. It has not been disclosed how many people work in the Plymouth branch, but it is understood there are a mix of full-time, part-time and casual workers. The firm has confirmed it will honour gift cards and Take Time To Pay agreements and there will be no change to its returns policy. Christmas baby and toddler deals you can find now in stores.“We expect to trade through Christmas and the new year and until we close in the spring.” Read More Related Articles The sales cover various areas of the store, selected products. “There will be no change to trading over Christmas,” a Toys R Us spokesman said. However, the exact date when the shutters go up has not been revealed – even to the 800 workers nationwide who are vulnerable to redundancy or redeployment.
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