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Toys R Us gift cards no longer accepted in stores

Toys R Us sores in Belfast, Lisburn and Derry are among the 100 to shut after the stricken company failed to find a buyer. Picture by Mark Marlow

GIFT cards are no longer being accepted at Toys R Us as the company today announced it was closing all of its stores within six weeks.

Stores in Belfast, Lisburn and Derry are among the 100 that will shut after the stricken company failed to find a buyer.

All stores will continue to trade until further notice, but customers have been warned they will no longer accept gift cards or vouchers.

In a statement on its website, it says that gift cards and vouchers would only be "honoured until Sunday 11 March" and refunds for cash value have now also been stopped.

The toy giant has launched a massive closing down sale in all stores in an attempt to shift stock.

Around 3,000 jobs will be lost across the UK with the closure of the toy chain.

It had appointed Moorfields Advisory to oversee an administration at the end of February but the group said today "it has not been possible to secure a sale".

A total of 67 staff at the company's head office in Maidenhead have now been made redundant and 25 stores have either closed in recent days or are due to close by today.

These stores had been earmarked for closure as part of a restructuring before its demise and Moorfields will now begin a six-week "wind down" of the remaining estate.

Simon Thomas from Moorfields said: "We have made every effort to secure a buyer for all or part of the company's business.

"This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.

"It is therefore with great regret that we have made the difficult decision to make a number of positions redundant at the company's head office in Maidenhead and proceed with a controlled store closure programme."

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