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Generation 1
KB Toys to Close Stores in Chapter 11 Bankruptcy
BaCon - Thursday, December 11, 2008


Bad economic times continue to impact the toy world today as KB Toys retailer has filed for Chapter 11 bankruptcy protection and will begin closing its retail stores.

KB intends to close its retail stores — consisting of 277 shopping mall locations, 114 outlets, 40 KB Toy Works stores, and 30 holiday stores — and sell its wholesale distribution business.

According to the New York Times, representatives of KB said that these actions are due to "a sudden and sharp decline in consumer sales due to macro-economic concerns,"

Look for going out-of-business sales to start immediately.

Source: Berkshireeagle


last 10 shown - scroll to view more   TFormers Member Comments
AutobotMaximal
2008-12-15
3:34 pm

Their big "going out of business" sale isn't that impressive either. It pretty much just brings the price of anything back down to what you'd pay elsewhere. It sucks to see the ol' KB go though. 
sertile
2008-12-15
3:30 pm

M-S-R-P are all seperate syllables, FWIW. And I would be upset if I were still interested in buying Sega Genesis games, Skeleton Warriors, Robocop, Hercules and Xena figures, and/or knockoff Exosquad toys from the early 90's, but fortunately I'm not. 
Nomolos
2008-12-15
1:08 pm

so you get paid to clean up after "those little bastards". maybe your attitude and people like you about kids helped keep people out and contributed to the problem. congratualations! you won't have to work around kids much longer.  
Devil Mazinkaiser
2008-12-15
11:52 am

I would never have guessed... and it sounds like you really loved your job and your customers after reading your post.  
HEROESofSPARTA
2008-12-15
10:11 am

do you know that the employees clean up the store? do you stalk them? maybe its the little bastards you squeezed out of your stomach that farged up the store.(duh) you dont know shot so SHUT THE farg UP&GET THE farg OUT! p.s. I WORK THERE MOTHER fargER! 
ZedzDead
2008-12-13
3:00 pm

i remember Kay bee selling cyb basics for 13.99. they can go the way of the doe-doe for all i care. TRU gets on my nerves too w/ their 1.25 mark ups. 
Police_Box_Traveler
2008-12-13
7:00 am

I seem to recall KB selling any and all their stock at a standard $2 mark up to Toys R Us and Wally World as a general thing. They could easily have kept their prices lower and been better competition but they deliberately didn't. As I recall, there was a VP that initiated the mark up and ... read more 
Slayer58
2008-12-12
8:56 pm

Yeah seriously. I don't particularly care anymore about KB ever since the one closest to me shut it's doors and became yet another clothes store (at least it's not another starbucks). I've always had better luck with the ones in the mall/strip malls. They actually had crap at reta... read more 
Ardenrobo
2008-12-12
7:57 pm

THAT'S what I thought too !!! Went to the mall and cleaned them outta Sharkticons  
ronimus
2008-12-12
1:09 pm

 
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