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Tamworth Toys ‘R’ Us store to close

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TOYS R US has stated that the Tamworth Ventura Park store is one of the 26 it is planning to permanently close in its move to cut costs.

Up to 800 jobs are on the line with the potential closure of at least 26 of the 84 permanent UK Toys R Us stores from spring next year.

The struggling US retailer has said that all the branches will remain open through Christmas and the new year.

Other stores in the region, including those at Birmingham (St. Andrews shopping park) and Leicester also face the axe.

Steve Knights, managing director of Toys R Us UK, said the company had to take “strong and decisive action” as its largest warehouse-style stores opened in the 1980s and 1990s were “too big and expensive to run in the current retail environment”.

Mr Knights said there would be no changes to the returns policies or gift cards across this period.

 

Toys R Us UK has been loss-making for seven out of the past eight years, with the most recent accounts filed at Companies House showing an operating loss of £500,000 on sales of £418m in the year to January.

In October, it was reported that a number of suppliers had stopped delivering stock to Toys R Us in the UK ahead of Christmas because of problems with credit insurance.

List of stores earmarked for closure

Aberdeen, Basingstoke, Belfast Newtown Abbey, Birmingham St. Andrews, Bolton, Bradford, Brislington, Cambridge, Cardiff, Derry City, Doncaster, East Kilbride, Exeter, Hayes, Kirkcaldy, Leicester, Livingston, Old Kent Road (south London), Plymouth, Scunthorpe, Shrewsbury, Tamworth, Tunbridge Wells, Watford, York, and Manchester Central Retail Park

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