Embattled toy retailer Toys R Us has released details of the 26 stores it has proposed to close next spring.
Last week, Toys R Us UK proposed a Company Voluntary Arrangement (CVA) in an effort to reorganise its finances and prevent falling into full blown collapse.
The newly revealed list details the 26 stores which will close entirely, alongside stores which it hopes to secure a reduction in rent and a reduction in store size.
Earlier this week head of the Work and Pensions Committee Frank Field penned a letter to the retailer questioning moves that could have led to its current situation.
In January it waived £584.5 million in loans it was owed, despite making a loss of £673.3 million.
The pensions deficit for this period also rose to £18.4 million, from £10.3 million a year prior.
According to The Toy Detectives, the retailer has highlighted these 26 stores as Category 5 leases, meaning they are financially unviable and are due to shut should the CVA be approved:
- Belfast, Newtownabbey
- Birmingham, St Andrews
- Derry City
- East Kilbride
- Old Kent Road
- Tunbridge Wells
- Manchester, Central Retail Park