Toys 'R' Us prepares to shut a quarter of its UK stores

Toys R Us is preparing to shut a quarter of its UK stores, with the loss of hundreds of jobs.

The news comes ahead of the busy Christmas period, a crucial time for high street retailers which have been struggling to compete with online shopping.

The toy retailer, which has been a family favourite since the 1980s, could close at least 25 of its 105 stores.

The grim news comes ahead of the busy Christmas period, a crucial time for high street retailers which have been struggling to compete with online shopping

The grim news comes ahead of the busy Christmas period, a crucial time for high street retailers which have been struggling to compete with online shopping

The company is preparing to launch a process called a company voluntary agreement as early as next week, which will require the approval of 75 per cent of its shareholders.

Toys R Us says its stores will remain open during

read more from dailymail.....

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Ted Turner agrees to sell private island to South Carolina
NEXT MPs compete to be the most appalled about Trump