When Toowoomba's Toys R Us will close its doors for good

Children's toy store Toys R Us looks set to close its Toowoomba store soon.

Toys R Us will close next week.

CHILDREN'S toy store Toys R Us looks set to close its Toowoomba store within the next two weeks, eight months after opening.

The store opened in December last year to much fanfare from the Toowoomba community.

Toys R Us went into voluntary administration earlier this year and in May, administrator McGrathNicol announced all 44 stores across Australia would close in or near the first weekend of August.

The business will heavily discount stock over the next 10 days in the lead up to the closure, as well as sell off store fixtures and fittings. 

About 700 full-time workers are expected to have lost their jobs by the time all stores close. 

"The realisation of stock across the network will enable all employee accrued entitlements, including redundancy payments, to be paid to Toys R Us and Babies R Us employees," McGrathNicol restructuring partner Jason Preston said in a statement.

All Toys R Us stores, including the Toowoomba store, will no longer honour gift cards and layby purchases, with those services expiring on July 5. The stores VIP program also concluded on July 5.

The store will also no longer accept returns, refunds, or exchanges unless the goods are faulty or subject to a statutory recall notice.

The collapse of the Australian stores follows the failure of the US Toys R Us business in March.

The group's 885 US stores were slated for closure after it was unable to meet the payments on billions of dollars in debt accumulated since it was bought by a real estate investor and two private equity firms in 2005.

The Toowoomba store is located in the Home Consortium complex on Hume St, Kearneys Spring. 

- With AAP

Originally published as When Toowoomba's Toys R Us will close its doors for good