Toys R Us has announced it is shutting all 100 of its UK stores, including 10 in Scotland, after administrators failed to find a buyer of the collapsed retailer, resulting in the loss of 3,000 jobs.
Branches at The Forge, Glasgow and Craigleith Retail Park, Edinburgh are among the Scottish stores set to close down.
The toy chain appointed Moorfields Advisory to oversee an administration at the end of February.
Read more: All Toys R Us stores in UK to close
But on Wednesday, staff were told that no buyer has been found for Toys R Us and that all stores will close within the next six weeks.
Moorfields said 75 shops, including ones in Edinburgh, Stirling, Glasgow and Dundee, would stay open “until further notice”, but would close within the next six weeks.
A total of 25 stores earmarked for closure in December as part of a Company Voluntary Arrangement (CVA) to save the firm, are either already shut down, or are to close by tomorrow. Those include branches in Aberdeen, East Kilbride, Kirkcaldy and Livingston.
A statement from Moorfields said that the administrators “remain open to interest from potential buyers for parts of the business”, but added that 67 people had been made redundant at the Company’s head office in Maidenhead earlier today.
Simon Thomas, joint administrator and Partner at Moorfields, said: “We have made every effort to secure a buyer for all or part of the Company’s business. This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.
“It is therefore with great regret that we have made the difficult decision to make a number of positions redundant at the Company’s head office in Maidenhead and proceed with a controlled store closure programme. We are grateful for the hard work of Toys “R” Us staff during this very difficult period and will be providing support where we can to those who have been made redundant.”
He added: “All of the remaining 75 Toys “R” Us and Babies “R” Us stores will remain open until further notice. We’re extending the nationwide discounting programme and would like to encourage customers to take advantage of the special offers available in store while stock levels remain high.”
Full of list Scottish Toys R Us stores expected to close:
Thistle Centre, Stirling
The Forge, Glasgow
Helen Street, Glasgow
Fife Centre, Kirkcaldy
Kingsway Park, Dundee
Mavor Avenue, East Kilbride
Almondvale Retail Park, Livingston
Craigleith Retail Park, Edinburgh
Berryden Road, Aberdeen
Union Square, Aberdeen