Toys R Us ‘to re-open in time for Christmas’

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Toys R Us 'to re-open in time for Christmas'



COLLAPSED retail chain Toys R Us could be reopened by Christmas – but only in the US, reports claim.
The iconic kids’ toy store went bust at the beginning of 2018 after attempts to sell the struggling firm failed.
1 Toys R Us could be making a comeback to the USCredit: PA:Press Association
Bloomberg reports that Tru Kids – the brand behind Toys R Us – are planning on opening 12 stores across America before the year is out.
It’s believed that Richard Barry, former executive at the retailer, is going to pitch the plans, which includes an online store, at an industry conference later this week.
It’s not clear whether there are any plans to reopen the UK side of the business, or whether the online shop will offer international shipping.
Sources told the news outlet that the new stores in the US will be roughly 10,000-square feet which is about a third of the size of the retailer’s warehouses that it was known for.
Why did Toys R Us close in the UK? TOYS R Us was put into administration after attempts to sell the business failed and some stores could shut in within days.More than 3,000 jobs were put at risk as it was revealed store closures would take place among ALL its outlets nationwide.
An “orderly wind-down of the company’s store portfolio” followed.
On March 2, 2018, Moorfields Advisory, the firm in charge of the closure of the retail chain, confirmed it was commencing a nationwide closing down sale at all stores.
Now, there are no Toys R Us stores open in the UK.

There will also be play areas for children to explore while their parents shop.
A spokesperson for Tru Kids told Bloomberg that the company isn’t ready to make the plans public yet.
Earlier this month, the brand relaunched in Australia by selling good through Hobby Warehouse websites.
Seventy years after it first launched, Toys ‘R’ Us went bust in the US at the end of 2017 and by February 2018 the UK side of the retailer collapsed too.
It meant that 106 stores closed across the country leaving 3,000 staff without a job.
Since its demise, supermarkets have rushed in to plug the gap such as Tesco and Asda who regularly run toy sales.
Competitor Smyths Toys Store is still operating 110 stores across the UK and Ireland, while shoppers have also been able to bag discounts on playthings at Home Bargains and B&M.
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A mum recently revealed to The Sun how she makes £500 a month by selling her old kids’ toys on eBay.
Mothercare is currently running an up to 50 per cent off sale with baby and toddler clothes starting from £1.50.
The Sun has contacted Tru Kids for comment.
Which high street stores have closed in 2018? Shop closures in full from Mothercare and Maplin to Toys R Us and Carpetright

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