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Toys ‘R’ Us To Reopen UK Stores ‘Within Months’

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Toys ‘R’ Us is set to make a sudden return to the UK almost four years after the firm vanished.

The toy shop chain were forced to close all of its branches following its collapse in 2018. But the plans for its revival are now in motion after Toys ‘R’ Us’ signed a licence agreement to bring “digital and physical retail commerce” back to the UK.

The Mirror reports that the firm is now ramping up recruitment with plans to relaunch the brand within months. The news was confirmed after a simple message “we’re back in 2022” was added to its newly relaunched UK website.

Louis Mittoni, who is leading the relaunch and is Toys ‘R’ Us Australia chief executive, said: “I’m very excited to welcome over 100 years of retailing experience in our new team, who will lead the relaunch our iconic brand back into the UK market in the next few months. We have an amazing toy and baby buying team, which I believe is the best in the country.

“With this team now in place, we’re hitting the ground running and have been reaching out to the supply base to see with whom we can align on this amazing journey.”

Toys ‘R’ Us was branded the ‘world’s first toy supermarket ’ when it first opened stores in the UK in 1985.

Are you excited to see the toy superstore back?

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Business

Four-day week to be trialed for thousands of workers from today

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Seventy companies across the UK are set to take part in a pilot of a four-day week starting today.

The trial, which will include more than 3,300 workers, is the biggest ever of its kind to date anywhere in the world.

The pilot will see no loss in pay for employees working one fewer day a week. Instead they will be asked to maintain 100% productivity for 80% of their time.

From a local fish and chip shop to large corporate companies, a wide range of businesses are taking part.

Joe O Connor, CEO of 4 Day Week Global, said: ‘The UK is at the crest of a wave of global momentum behind the four-day week.

‘As we emerge from the pandemic, more and more companies are recognising that the new frontier for competition is quality of life, and that reduced-hour, output-focused working is the vehicle to give them a competitive edge.

‘The impact of the “great resignation” is now proving that workers from a diverse range of industries can produce better outcomes while working shorter and smarter.’

The trial will run for six months and is being run by 4 Day Week Global in partnership with think tank Autonomy, the 4 Day Week UK Campaign and researchers at Cambridge University, Oxford University and Boston College.

Researchers will work with each organisation to look at the wellbeing of workers and measure the impact on productivity in the business. They will also see if the change affects the environment and gender equality.

Similar four-day week trials are also due to begin later this year in Scotland and Spain.

Would you like to see a four-day work week introduced?

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Business

CBBC and BBC Four channels to close by 2025 as part of £500,000,000 cuts

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CBBC and BBC Four TV channels will be closing, it’s been confirmed.

Director General Tim Davie made three announcement today, explaining younger audiences are turning to streaming channels such as Netflix and Disney Plus.  Davie stressed it is likely to happen within the next three years. He said: ‘This is our moment to build a digital-first BBC.

‘Something genuinely new, a Reithian organisation for the digital age, a positive force for the UK and the world.

‘Independent, impartial, constantly innovating and serving all. A fresh, new, global digital media organisation which has never been seen before.’

CBBC has delighted children since its inception in 1985 as a free-to-air TV channel. It was launched to provide a wealth of content for children and young people aged six to 17, and covers a range of programming including drama, entertainment, comedy, animation, news and factual.

CBBC’s most popular shows over the years include Tracy Beaker, Blue Peter, The Sarah Jane Adventures, Horrible Histories and Newsround.

BBC Four, which is home to BBC Proms, BBC Young Dancer and BBC Young Musician, was launched in 2002 and has traditionally shown mainly arts and documentary content, as well as various international dramas.

BBC World News and the BBC News channel will also merge to create a single 24-hour TV news channel serving both UK and international audiences.

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Business

That Thursday Feeling: Companies Gear Up For Change To Four-Day Working Week

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First it was working from home. Now it is the four-day working week that is stirring up business life in ways that would have seemed unthinkable before Covid-19.

The UK pilot is running in conjunction with similar programmes in the US, Ireland, Canada, Australia and New Zealand. Spain has also launched a separate trial.

Organisers say numerous studies have shown the four-day week boosts productivity and workers’ mental and physical health. When Microsoft trialled it in Japan, productivity went up 40 percent.

Not only is it said to have an improvement for the workers but also the economy. Economic researchers claimed a three-day weekend would boost high street sales by an estimated £58billion. This is due to the longer weekend giving shoppers not only more time to buy, eat out and socialise, but also increase spending related to hobbies such as gardening and DIY. They claim it is a “win-win scenario” for workers and employers.

Currently, just 7 per cent of managers have launched it, or have decided to do so.

Nearly half of those without a shorter week say they are more likely to consider the concept than they were before the pandemic, but almost 30 per cent say they would never consider it. Research also shows female bosses were slightly keener on the shorter week than men: 64 per cent versus 57 per cent.

It looks like the four-day week could become a hot issue at the next general election, despite a lukewarm response when championed by former Labour leader Jeremy Corbyn back in 2019.

Would you prefer to work four days a work instead of five? Let us know over on social media!

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