Toys'R'Us to shut quarter of UK stores
Toys"R"Us is to shut a quarter of its British stores
London - Arab Today
Toys"R"Us is to shut a quarter of its British stores, with a loss of up to 800 staff, the troubled US retailer's UK arm announced on Monday.
The US company, which recently filed for bankruptcy in its home market as it struggles to compete with the likes of Amazon, said its larger UK stores no longer made economic sense and that the future lay with smaller outlets.
"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," said Steve Knights, managing director of Toys"R"Us UK.
"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."
Knights added that the group's warehouse-style stores opened in the 1980s and 1990s had become too expensive to operate.
The group will shut at least 26 stores, beginning early next year. A source told AFP that between 500 and 800 staff from a total of 3,200 could lose their jobs.
Source:AFP
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 05:02 2017 Thursday ,05 October
Transatlantic tussles: EU cases against US firmsGMT 06:19 2017 Saturday ,16 September
August auto slump holds down US retail salesGMT 10:43 2017 Saturday ,01 April
Google, Amazon eye Toshiba's chip unit: reportGMT 15:38 2016 Saturday ,17 September
General Motors Plans to Be 100% Renewable by 2050
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 22:14 2017 Monday ,20 February
Iraqi Culture Minister urges tourism companies to attract visitors
GMT 09:30 2017 Thursday ,28 December
Two injured in Quetta gas cylinder blast
GMT 05:43 2017 Thursday ,06 April
Petrochemical shares lift Saudi bourse
GMT 22:58 2017 Tuesday ,22 August
Premier thanked by Egyptian President
GMT 12:53 2017 Friday ,10 November
Ahsan Iqbal condemns Quetta blast
GMT 05:17 2017 Tuesday ,27 June
'Transformers 5' tops box office, opens at franchise lowGMT 10:44 2011 Sunday ,02 October
Rotana says Haifa Wehbe \'avoiding their calls\'
GMT 21:06 2017 Friday ,11 August
NFL: One year after anthem protest, Kaepernick frozen out of NFL
GMT 00:11 2017 Thursday ,09 November
UAE provides new batch of police vehicles to Hadramaut security department
GMT 12:25 2016 Wednesday ,14 December
Evaluation of Participating Companies Goes in Full Swing
GMT 09:43 2017 Wednesday ,11 January
Harden plays down MVP talk after latest NBA triple
GMT 00:43 2017 Thursday ,13 April
Oman issues Government Treasury bills worth OMR65 million
GMT 19:23 2016 Tuesday ,18 October
6500 tons of butane gas arrive at Suez's El Zaytiat port
GMT 08:33 2017 Thursday ,04 May
Arab Organization of Tourism praises efforts to protect tourists
GMT 19:00 2017 Saturday ,07 October
HH Shaikh Nasser attends Chechen President's birthday
GMT 18:52 2017 Wednesday ,19 April
Fox dumps embattled host over harassment allegations
GMT 23:39 2017 Friday ,14 April
Freight train begins first journey from Britain to China
GMT 09:12 2018 Thursday ,15 November
Syria, Iran discuss enhancing scientific cooperation
GMT 05:54 2018 Friday ,05 October
Putin to meet with Indian premier, sign S-400 deal
GMT 00:47 2017 Saturday ,25 March
UAE promotes respect for International Humanitarian Law
GMT 13:42 2015 Wednesday ,30 September
Bringing solitude back to Pink Floyd's 'The Wall'
GMT 12:02 2017 Friday ,29 December
20 personel ISIS di SuriahGMT 16:41 2011 Monday ,11 July
World\'s biggest Jesus statue sparks backlash in Croatia
GMT 22:28 2017 Tuesday ,31 January
Syria army recaptures areas southeast Altifor airport
GMT 08:40 2016 Friday ,20 May
Boca Juniors clinch Libertadores semifinal spot
GMT 18:14 2017 Tuesday ,30 May
Tunisian public health sector struggles to heal itself
GMT 02:22 2017 Friday ,07 April
Aviation experts to explore flight-ban solutions
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor