Toys R Us launches closing down sale with up to 30 per cent off
The toy retailer has slashed prices in 25 stores in a bid to shift stock, as it plans to close "at least" a quarter of its shops after hitting financial trouble
TOYS R Us has launched a closing down sale with up to 30 per cent off on some items as it prepares to axe 25 stores across the country.
The toy retailer is closing the shops in the spring after it announced that it is struggling to pay off its debts.
Now, has dropped the price of everything in stores by up to 30 per cent in a bid to shift stock.
Even though the closing down sale is marking the end of an era for the retailer, shoppers can snap up some seriously good bargains.
The deals include slashed prices on toys, car seats, pushchairs and bikes, as well as all of the Babies R Us stock too.
You won't find the discounted items in all stores or online, only in the shops that are closing down.
But if you're looking for a bargain, it has dropped its .
Closing the stores is part of the company's Company Voluntary Agreement (CVA) which will allow the retailer to pay off its debts over a fixed amount of time. The closures also put 800 jobs at risk.
At the time, Steve Knights, managing director of Toys R Us UK, said: “Like many UK retailers in today’s market environment, we need to transform our business so that we have a platform that can better meet customers’ evolving needs.
"The decision to propose this CVA was a difficult one, but we determined it is the best path forward to make essential changes to the business."
YOUR SHOPPING RIGHTS
WHILE Toys R US is not expected to close all it's stores, you may be worried about it going bust. Here's how to protect yourself:
- Pay by credit card if spending over £100. Purchases over £100 and under £30,000 are protected under Section 75 of the Consumer Credit Act if an item fails to turn up or goes bust.
- Pay by debit card. Some banks will refund customers under the ChargeBack scheme, although it's at their discretion.
- PayPal. If you pay via PayPal then you may be covered by its Buyer Protection policy.
- Gift gards. If you have a giftcard to use, then spend it as soon as possible. When firms go bust they often stop accepting them.
It plans to turn existing locations into smaller interactive stores as well as relaunching the website.
It claims its warehouse style stores, which were opened in the 1980’s and 1990’s, are now too big and expensive to run in the current retail environment.
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It is thought that the plans shouldn't affect gift cards or returns.
Alongside the goodbye store sales, .
Shoppers can save up to half price on big names including Mega Bloks, My Little Pony and Graco.
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