Administrators have failed to find a buyer for the nation's biggest toy retailer, which employs more than 3,000 people, The Guardian reports.
The toy chain appointed Moorfields Advisory to oversee an administration at the end of February.
Toys R Us is set to shut down all of its United Kingdom stores after failing to find a buyer, with the retailer now shutting down in the region indefinitely.
The once mighty toy retailer has now been forced to ramp up its closing down sales, spreading them to each of its 106 stores. It was hoped that a buyer would be able to pull the retailer up from the brink of collapse, though a lack of interest in keeping it afloat has seen its fortunes worsen.More news: Jay-Z and Beyoncé coming to New Era Field — CONCERT ANNOUNCEMENT
"We have made every effort to secure a buyer for all or part of the company's business", Simon Thomas, the joint administrator for the British arm, said in a news release.
Every one of the 100 Toys R Us stores throughout the United Kingdom will be closed causing around 3000 job losses.
"The closure program for the remaining stores is expected to take approximately six weeks to complete with further announcements to follow", the company said in a statement.
A woman said: 'So sad that my future kids won't get to experience the magic of Toys R Us like I did'.More news: Paul Scholes, Rio Ferdinand Slam United's Shocking UCL Exit
Thomas also said that stock at those remaining stores would be discounted even further, and encourages customers to "take advantage of the special offers available in store while stock levels remain high".
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. Download it today and continue to enjoy STV News wherever you are.
"We are grateful for the hard work of Toys R Us staff during this very difficult period and will be providing support where we can to those who have been made redundant". We'll keep you posted on any new details.More news: Wenger worrying about poor attendances at Arsenal home games