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In January, it announced the closure of more than 100 stores.
The firm's European operations supreme are not part of the bankruptcy proceedings and inconnu Toys R club Us âgée says it does homme not expect any immediate impact on its UK stores.He femme said in a statement that the company struggled "to mitigate a combination of impacts from a currency devaluation post-Brexit, a weak consumer environment and the withdrawal of credit insurance.".Our newer, smaller, more interactive stores are in the right shopping locations and are trading well, while our new website has generated significant growth in online and click-and-collect sales.Investors rencontre took fright at the news, selling off shares in some other British retailers.Gary Grant, founder of UK toy shop chain arabe The Entertainer, jules said people's buying habits were changing.Toys 'R' Us said the majority of its stores around recherche the world remained profitable, call and would continue to relation operate as normal through the holiday period, which is when they do most of their business.The move casts a shadow over the future of the company's nearly 1,600 stores and 64,000 employees.Unfortunately, Toys 'R' Us has not responded effectively to homme these challenges said Neil Saunders, managing director of GlobalData Retail."A combination of high debt and severe structural changes in the industry created a toxic mix against which Toys 'R' Us had recherche little choice but to restructure and try libertine to put itself on a firmer footing said Mr Saunders.PwC is in charge of winding down the business and trying to find a buyer.The company has operations in 33 collection countries around the world and over 1,500 stores, mostly in the.Image copyright Getty Images, toys 'R' Us is one of a number of traditional US retailers to have run into trouble recently.It's essonne a very dark day for call British retailers and their workers. The UK business has been struggling for the same reasons siècle as its parent, as shoppers shun the large out-of-town sheds that are synonymous plus with the Toys R Us brand, in favour of shopping online.