Looks like KB Toys is going to be the youngest generation's go-to toy store! The chain of shopping mall stores that closed in 2009, KB Stores, is considering a comeback, WFLD reported.
Ellia Kassoff, the founder of Strategic Marks LLC, said the company has “spent the last six months working on a sustainable model to bring back KB Toys the right way,” adding that KB Toys will have to successfully compete with both big-box stores and online retailers.
News of a potential revival of KB Toys comes as Toys ‘R’ Us prepares for a liquidation. The bankrupt toy retailer has laid out plans to close all of its 735 stores after recording weak sales and failing to find a corporate buyer. Toys ‘R’ Us has reportedly weighed a plan to save 200 of its strongest stores, in addition to keeping its Canadian business open. A hearing in bankruptcy court is scheduled for Tuesday.
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