Toys'R'Us to shut quarter of UK stores
Stores in Britain will close as the troubled US retailer adapts to shifting buying patterns.
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 06:08 2017 Thursday ,28 December
European stocks edge higher in thin holiday tradingGMT 04:25 2017 Thursday ,28 December
British purchasing power set to stagnate in 2018: studyGMT 23:23 2017 Thursday ,09 November
UK house price growth peters out, London weakest since 2009GMT 13:23 2017 Friday ,15 September
Pound surges, FTSE falls on Bank of England decisionGMT 18:50 2017 Monday ,20 February
Expedia, Amazon bet on Britain by hiring, adding office space
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 15:12 2017 Tuesday ,22 August
Syrian opposition seeks to form delegation for Geneva
GMT 10:01 2017 Saturday ,20 May
Somali pirates hijack first commercial ship since 2012
GMT 06:47 2017 Friday ,17 March
Bahrain Bourse daily trading
GMT 14:44 2017 Monday ,25 September
Iran says land border with Iraqi Kurdistan remains open
GMT 08:26 2017 Saturday ,15 April
Merihan Hessein happy for “The Godfather”
GMT 03:52 2018 Monday ,24 September
Bahrain-Russia cooperation praised
GMT 11:56 2017 Wednesday ,15 March
‘A historic turning point’ as Saudi Deputy Crown Prince meets Donald Trump
GMT 06:43 2018 Wednesday ,24 January
Trump should retract tweet, tender apology: PM
GMT 08:22 2017 Thursday ,07 September
Saudi’s Adahi project delivers sacrificial meat
GMT 09:14 2018 Tuesday ,09 January
Bassil after meeting Macron: For fraternal solution to crisis with Saudi Arabia
GMT 12:19 2017 Friday ,05 May
Priyanka Chopra to attend UNICEF gala in South Africa
GMT 09:15 2017 Friday ,21 April
Arrest of WikiLeaks's Assange a 'priority'
GMT 21:45 2017 Tuesday ,10 October
Daesh terrorists killed in air raid in Anbar
GMT 02:05 2017 Thursday ,28 September
Kellyanne Conway says she has no evidence to back Trump wiretap claim
GMT 07:12 2017 Wednesday ,20 September
NAFTA talks moving at 'warp speed,' US trade rep
GMT 17:31 2017 Thursday ,14 September
US politicians demand probe of Equifax after hack
GMT 19:07 2017 Friday ,07 April
Spring accessories inspired from popular folklore
GMT 22:53 2017 Sunday ,02 July
Trump praises veterans, hits media at Kennedy Center event
GMT 12:35 2017 Wednesday ,08 February
ISIS distributes expired drugs in its areas in Mousl
GMT 11:45 2017 Saturday ,18 November
China to play central role in shaping course of 21st century
GMT 18:50 2017 Tuesday ,27 June
Lavrov accuses International Coalitio of sparing Nusra Front
GMT 02:08 2016 Thursday ,27 October
US Justice Department will Ensure Integrity of Presidential Election
GMT 23:45 2017 Wednesday ,22 March
Trump team communications collected by US spies: claim
GMT 12:19 2017 Wednesday ,12 April
High school part timers staged sit in next to Education Ministry
GMT 23:56 2017 Monday ,23 October
UN calls for global solidarity ahead of pledging conference on Rohingya
GMT 19:27 2017 Thursday ,16 February
1,218 tourists visit Dahab, Saint Catherine over past 24 hours
GMT 17:46 2017 Friday ,31 March
No polluted meats found in local marketplace
GMT 23:41 2017 Tuesday ,26 September
Iraq orders Kurdistan to give up control of airports
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor