There is more trouble for the British High Street as Toys R Us and Maplins have both entered Administration. Toys R Us' remaining stores are due to close once stock is sold as the Administrators have been unable to find a buyer. Maplins' stores remain open for now and the Administrators are still looking to secure a buyer, but so far have been unsuccessful. New Look has announced it will be closing 60 stores, and Carpetright has announced plans to close poorly performing stores. The US company behind Claire's Accessories is undertaking a restructure, but stores will remain open for now, and Mothercare is also seeking advice on refinancing. Restaurants are also struggling, with Prezzo, Chimichanga, and Jamie's Italian closing a number of their restaurants.
Even department store giants Debenhams and House of Fraser are facing difficulties. The owners of House of Fraser are injecting £15 million into the business and have asked EY to advise them. Debenhams have closed some stores and are downsizing others, whilst renting out additional space for gyms and entering into talks with an American company about using areas for hot-desking.