All Scots Toys R Us stores to close down within weeks

Closing down signs are seen outside the Toys R Us store in Coventry Britain

Stores will remain open until further notice and stock will be subject to a clearance discount or other special promotions.

"We are grateful for the hard work of Toys "R" Us staff during this difficult period, and will be providing support where we can to those who have been made redundant".

Toys R Us, the beleaguered USA toy retailer, is set to close its 100 stores in the United Kingdom, beginning this week, on the back of news that a buyer could not be found to rescue it, according to multiple published reports.

Administrators stated that they "remain open to interest from potential buyers for parts of the business", though the future looks grim for the retailer after a buyer was not found prior to its February deadline.

However, it added that no suitor materialised in what is proving to be a dire time for high street retailers.

The UK wing of Toys "R" Us recently went into administration, and BBC is reporting that the company hasn't managed to find a buyer for the retailer's 100 UK stores.

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Seventy-five stores will be closed over the next six weeks, on top of the 25 outlets that have already closed or are about to shut under an earlier plan.

Compounding the retail sector's pain are the painful restructurings of high street eateries Byron, Prezzo and Jamie Oliver's casual dining chain, as well as rising business rates bills. Those sales were extended on Tuesday and products are being offered at discounts of as much as 30pc.

'It's a sad end to an era, but not surprising news because we know they've have been struggling to find a buyer.

'The deadline has now passed to use gift cards in store and online so these are now unlikely to be accepted.

'Now is the time to check what redundancy rights you have and dig out any income or mortgage protection policies you hold.

The Sun Online has contact Toys R Us and we are expecting a statement shortly.

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