Toys 'R' Us looks set to close its Scunthorpe store
The Scunthorpe branch of Toys 'R' Us, which looks set to close
By Scunthorpe Telegraph | Posted: 5 Dec 2017
The Toys 'R' Us store on Scunthorpe’s Gallagher Retail Park looks set to close in the new year with the loss of 50 jobs.
Earlier today, the American owners had announced at least 26 branches in the UK were to shut down in Spring 2018, with a total of 800 roles at risk of redundancy.
The news came three months after the big box retailer filed for bankruptcy protection in the USA and Canada, after struggling with a £3.6 billion debt and competition from the likes of Amazon and Walmart.
At the time it was said stores in the UK would not be affected by the changes in the USA.
The company has not confirmed which of its stores are to close but later today, a spokeswoman said: "It is likely that the Toys 'R' Us store in Scunthorpe will close in the Spring of 2018.
"We will continue to honour gift cards and Take Time To Pay arrangements and there will be no change in our returns policy."
The closures are said to be part of a plan to transform the business to meet the evolving needs of customers in the current UK retail market.
Warehouse-style stores like the one in Scunthorpe are to be culled as part of the cost-cutting transformation.
But the company has insisted all stores will remain open as normal over the Christmas period, with the closures set to begin from spring.
The Scunthorpe branch started trading in July 2002 after more than £2 million was invested on building a 30,000 square feet unit.
At the time the store, offering 6,500 different lines, was said to be the most modern in Britain.
Toys R Us, who currently employ around 3,200 in the UK, confirmed there are currently no plans to close Hull’s store based at Kingston Retail Park.