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K·B Toys (also known as Kay Bee Toys) [1] was an American chain of mall-based retail toy stores. The company was founded in 1922 as Kaufman Brothers, a wholesale candy store. The company opened a wholesale toy store in 1946, and ended its candy wholesales two years later to emphasize its toy products. Retail sales began during the 1970s, using ...
- April 1, 1922; 101 years ago (as Kaufman Brothers candy wholesaler)
- Pittsfield, Massachusetts, U.S.
- 10,850 (2008)
- Toy store
Starting that year, KB Toys opened temporary “stores within a store” at select Sears department stores during the Christmas season. The stores were initially known as “KB Toys at Sears”, and averaged 1,500 sq ft (140 m 2). During 2001, KB Toys agreed to pay approximately $5.4 million to acquire several inventory lots from the bankrupt ...
1922:The Kaufman brothers open a wholesale candy business. 1948:The brothers exit the candy business to focus exclusively on their toy stores. 1959:Kaufman Brothers opens its first retail toy store in Connecticut. 1973:The company moves from wholesaling to retailing toys, calling itself Kay-Bee Toy & Hobby.
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Dec 25, 2023 · November 2007: KB Toys begins closing 122 of its 566 stores. October 2008: KB Toys announces that more than 200 toys in its retail stores will be reduced to $10 or less as the holiday buying season approaches amid a shaky, sliding economy. Dec. 11, 2008: KB Toys files for bankruptcy and announces plans to liquidate its assets.
The sales ended on February 9, 2009. This was the day that the website was also shut down. Streambank sold the logo, website, trademarks, and rights to creations of KB to Toys ‘R Us. Toys ‘R Us did use the KB logo on toys they manufactured and under the name KB Classics. Strategic Marks had planned to bring KB Toys back when Toys ‘R Us ...
Sep 13, 2023 · Short answer: what happened to KB Toys: KB Toys, once one of the largest toy retailers in the US, filed for bankruptcy and closed its remaining stores in 2009. The company struggled with increasing competition, debt burden, economic downturns, and changing consumer preferences towards online shopping.
Dec 25, 2023 · KB’s “shrink to grow” includes some layoffs at the Pittsfield headquarters. November 2007: KB Toys begins closing 122 of its 566 stores. October 2008: KB Toys announces that more than 200 toys in its retail stores will be reduced to $10 or less as the holiday buying season approaches amid a shaky, sliding economy. Dec. 11, 2008: KB Toys ...
