Toys R Us reaches rescue deal with creditors

Toys R Us has faced significant financial challenges due to high rents, overheads, and a pension shortfall. The company struggled with online competition, as many toys were cheaper online. To avoid administration, Toys R Us needed to address a £30 million pension shortfall, securing a deal that saved jobs but still resulted in some closures. Public opinion highlights the shift to online shopping. The Pension Protection Fund's involvement helped secure the company's short-term future, but long-term strategies are needed to prevent further decline.

What were the potential job losses associated with the store closures?

What impact did the deal have on the future of Toys R Us?