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Thread: KB Toys files for Chapter 11 bankruptcy protection
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Old 12-12-2008, 06:58 AM   #8
trebleshot
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Join Date: Oct 2008
Location: Ohio
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I can't help but wonder why KB didn't take more drastic steps to avoid this situation back during the first time they filed bankruptcy. That was four years ago before the "recession". As others have already said, KB's pricing and stock were no match for other retails (both local and online). So one would think that there would be a call to change the business plan in order to stay competitive.

I rarely shopped there and usually only for exclusives. In fact, I completely missed out on Commemorative Series Sideswipe, and only found out about it online long after they were all gone. I thought it had been cancelled along with rest of the line. I think the last thing I bought from KB was an exclusive Johnny Lightning Monopoly 1/64th car.

Although I am not all that surprised about KB's plight, I agree that it sucks people will lose their jobs over this, and during the holiday season no less. Ironically, it won't affect my area all that much, since the two stores we had closed during the first chapter 11 back in '04.

Hopefully, TPTB over at Toys R Us are paying attention and take steps to ensure they don't suffer a similar fate.
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