FIRST AIRED: February 28, 2018

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00:00:01
>> The British arm of Toys R Us has gone into administration putting around 3000 jobs at risk. The toy retailer has struggled in the UK in recent years with shoppers increasingly preferring to spend online rather than visit its large out of town stores. Those tough retail conditions also shown as electricals chain Maplin, which has 200 stores in the UK and Ireland also went into administration on Wednesday.
00:00:26
Toys R Us is more than 100 British stores will continue trading. And administrators Maplin advisories says the company's global operations will not be affected. But the problems for retailers have also been doing damage on the other side of the Atlantic. Toys R Us filed for bankruptcy protection in the United States in September.
00:00:44
And in January, said it will shut down a 5th of its US stores in the coming months.
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