Feb 28, 2018

Toys R Us and Maplin face collapse with 5,500 jobs at risk

Toys R Us in the UK and electronics chain Maplin are on the brink of collapse, putting 5,500 jobs at risk. Toys R Us and Maplin are the latest of a string of well known retailers to run into into financial problems in recent months. Toys R Us in the UK has blamed its problems on its "Warehouse-style stores". Retail analyst Kate Hardcastle, from Insight With Passion, said both Toys R Us and Maplin had cut staffing to try to cut costs, which had led to poor service in the shops. Maplin has 200 stores and 2,500 staff in the UK, while Toys R Us employs around 3,000 workers in its 106 stores.

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