Toys R Us has confirmed it will close all 100 of its UK stores after attempts to find a buyer for the retailer failed.

The collapse will lead to 3,000 job losses.

Today (March 14) staff were informed that no buyer had been found and so they would need to start the hunt for new jobs.

It is thought that administrator Moorfields Advisory will now begin a six-week "wind down" of the store estate.

Moorfields previously said it was making "every effort" to secure a buyer for all or part of the business, but no suitor materialised in what is proving to be a dire time for high street retailers.

Other companies that have run into difficulties lately include Maplins, New Look, Jamie Oliver, Byron and Prezzo.