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 12:11 2017 Thursday ,27 July
Tony Baroud to present new TV show
GMT 07:03 2014 Thursday ,07 August
North Sinai gas pipeline blast to be put out within hours
GMT 16:28 2015 Sunday ,28 June
EU peace envoy Fernando Gentilini arrives in Cairo
GMT 23:00 2017 Monday ,16 October
Egypt FM to head for Slovenia on Monday
GMT 20:06 2017 Friday ,20 January
Daesh in new demolitions at Syria’s Palmyra
GMT 21:06 2017 Friday ,24 November
Marriyum condemns Hayatabad terrorists attack
GMT 01:00 2017 Saturday ,25 November
Cabinet Affairs Minister Meets Indonesian Ambassador
GMT 02:34 2018 Thursday ,04 January
Merger creates state-owned gas giant
GMT 10:08 2017 Tuesday ,07 March
Geneva farce: The regime is the opposition
GMT 07:22 2016 Thursday ,14 April
Protesters ransack Macedonia president's office as crisis deepens
GMT 04:35 2017 Wednesday ,06 December
Islamic conference of health ministers kicks off in Saudi Arabia
GMT 13:17 2017 Monday ,04 September
Mohamed bin Zayed reassured about well-being of UAE pilgrims
GMT 03:20 2017 Tuesday ,05 December
Iraq forces open new front in final push against IS militant group
GMT 09:52 2017 Tuesday ,07 February
Winter Olympics: South Korea builds it but will fans come
GMT 10:19 2017 Saturday ,18 November
AJK Prime Minister condemns across LoC shelling
GMT 03:04 2017 Thursday ,27 July
Venezuela's Maduro rejects US sanctions as 'insolent'
GMT 21:27 2017 Tuesday ,25 July
Hundreds battle wild fires across southern France
GMT 11:34 2017 Wednesday ,22 March
33 Syrians killed in Air raid on Raqqa’s school
GMT 11:03 2017 Wednesday ,01 March
Asala declares her solidarity with George Wassouf
GMT 17:54 2017 Monday ,09 October
US's Thaler wins Nobel for 'making economics more human'
GMT 17:39 2017 Friday ,21 July
Indonesian agency wins membership of U.N. panel for external auditors
GMT 17:57 2017 Wednesday ,11 October
Mideast nations turn to private sector
GMT 14:11 2016 Wednesday ,30 November
Tunisia wins billion-dollar pledges to boost economy
GMT 20:02 2017 Thursday ,19 October
US will help restore water, power to Raqqa after fall of ISIS
GMT 23:41 2017 Tuesday ,26 September
Qatar laborer ‘sacked’ after speaking to UN team
GMT 04:28 2017 Tuesday ,21 March
Enrique Iglesias to headline Bahrain F1
GMT 08:33 2017 Friday ,17 November
Arabian Nights with an English Twist at Sharjah International Book Fair
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