Toys R Us and Maplin enter into administration

Toys R Us and Maplin enter into administration

Assessment

Interactive Video

Business

University

Hard

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The video discusses the collapse of Maplin and Toys R Us, highlighting the reasons behind their downfall, including the devaluation of sterling, outdated store portfolios, and declining consumer spending. It also covers the impact on employees, with pension schemes affected, and the broader challenges faced by the retail sector due to rising costs and the growth of online shopping. Despite efforts to save the businesses, no acceptable offers were made, leaving a bleak outlook for the high street.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What message was conveyed to the staff regarding the future of their businesses?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the decline of Maplin and Toys R Us?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the devaluation of sterling impact the retailers mentioned in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the challenges faced by current staff and former employees of Toys R Us?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential solutions were mentioned for the future of Maplin and Toys R Us?

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