KB Toys declares bankruptcy; Faces Liquidation
Thursday, December 11, 2008 15:25
The nations number 2 toy retailer, KB stores has declared bankruptcy and will close down it’s 277 stores citing a “sudden” drop in sales. The companies 11,000 employees will be left looking for work.
KB Stores was founded in 1922. The store began as a candy wholesaler and later grew to become one of the largest toy store retailers in the world. KB was able to make it through the first great depression but couldn’t manage to survive the current collapse.
The company plans to launch a going-out-of-business sale at all of its current stores, “in order to take advantage of the last two weeks of the holiday selling season,” KB Toys said in a filing with the U.S. Bankruptcy Court in Wilmington, Del.
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Better9 says:
December 11th, 2008 at 10:13 pm
Bankruptcy for the #2 Toy seller is no joke. Where is their bailout? What about the children? Meanwhile the banksters steal, loot, gut this country and laugh all the way to their offshore banks.
TSGordon says:
December 11th, 2008 at 11:06 pm
I love the current ’shake-down,’ this slow death-spiral of anglo-centric western capitalism. Soon, people will learn to value basic stuff again, things like rice, wheat, vegetables, even plain aluminum pots, the kind you can make a sumptous stone soup in.
Bankrupt American says:
December 11th, 2008 at 11:06 pm
Why dont we all just claim bankruptcy and start over again. Sounds like a plan to me.
David says:
December 12th, 2008 at 1:09 am
Perhaps the Second Great Depression was too much for them
KB Toys declares bankruptcy; Faces Liquidation | BUZZ NEWSROOM says:
December 12th, 2008 at 1:12 am
[...] it through the first great depression but couldn’t manage to survive the current collapse. From ChartingStocks.net Filed Under: NewsTags: Digg, Facebook, Email: Share This Buzz! Related Posts:No Related Post [...]
rich says:
December 12th, 2008 at 8:36 am
another one bites the dust ! i used to always shop there when my kids were little at the local mall. bad news for christmas !
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phineas says:
December 12th, 2008 at 9:25 am
They were hurting long before the recent downturn….because they were not able to successfully compete against Walmart (Surprise).
K A Kessell says:
December 12th, 2008 at 10:53 am
“TO ARMS AND TO THE STREETS”
“You can just say your an American, or you can get some Balls and be an American”
Buska says:
December 12th, 2008 at 11:57 am
Its not anglo-american. Its Jewish!
Brad says:
December 12th, 2008 at 12:17 pm
Children need to be working like children do in Vietnam and China, not playing with toys.
KB Toys files for Bankruptcy : Tribble Ad Agency : The Advertising Agency of Record says:
December 12th, 2008 at 1:20 pm
[...] The individual also provided this link [...]
ToysRus says:
December 12th, 2008 at 5:28 pm
Stock up on essentials. Your kids can play with tree bark when your ousted from your home due to taxes or aother forms of government sponsored home foreclosure.
George Wanker Bush says:
December 13th, 2008 at 12:11 am
You people all worry about the loss of jobs. Stop worrying. China is going to be looking for really cheap labor with their people becoming more affluent. So, just hold on a little bit longer and there will be plenty of jobs doing piecework for China. And then the old “Made in USA” can come back!!!!
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