Remember KB Toys? It's making a comeback

Remember KB Toys? It's making a comeback

Remember KB Toys? It's making a comeback

By reviving the KB Toys brand in malls and stores, the group aims to fill in the gaps left by Toys "R" Us.

"We understand, we're not just restarting the only other well-known and loved toy chain in the U.S. but hope to find places for those 33,000 jobs which will be lost as Toys "R" Us closes", Kassoff posted. Efforts to merge up to 200 top-performing US stores with its Canadian operations are also underway.

Meanwhile, toy makers are fretting, and retailers and rivals are rubbing their hands. FAO Schwarz, once a unit of Toys R Us, is plotting a reentry into physical retail after exiting a couple years ago with the closure of its (very expensive) Manhattan flagship.

"After it became clear that we would not be able to secure a buyer for the business, one of the major initial tasks was to transfer all of the remaining stock to the stores". With majority of their 3000+ stores located in malls, the teen jewelry company has been suffering from a decline in traffic in shopping malls.

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Are you already missing Toys "R" Us?

Toys R Us last week announced plans to close all 800 of its stores in the United States after filing for Chapter 11 bankruptcy last fall. Toys "R" Us has reportedly weighed a plan to save 200 of its strongest stores, in addition to keeping its Canadian business open.

When Call 12 for Action contacted the North Attleboro and Warwick locations, associates said liquidation sales are expected to start Thursday. Time will tell if this is just the beginning of the end for other retail giants that are struggling to keep up with online prices.

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