Demise of Toys R Us and fashion chain East bring more job losses

The high street is braced for another wave of job losses as a result of the final demise of Toys R Us and the fashion chain East. The handful of Toys R Us stores that were still trading closed their doors for the final time on Tuesday, ending the US retailer’s three-decade presence in the UK. The toy chain, which had 3,200 staff and 100 stores, went into administration in February. The restructuring company Moorfields failed to find a buyer. Tough trading conditions have also scuppered East, which had 50 stores and collapsed in January. Its restructuring company, FRP Advisory, was also unable to find a buyer. Click here for the full Guardian article