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KB Toys to Close 375 Stores

Transformers News: KB Toys to Close 375 Stores

Thursday, January 29th, 2004 8:27AM CST

Category: Site News
Posted by: Kupp   Views: 27,066
Previously we had reported that KB Toys had filed for Chapter 11 Bankruptcy Protection due to weak sales during the holiday season. Today Reuters has posted an article giving an update on KB´s situation.
The article states that they plan to close 375 stores and fire between 3,500 and 12,000 employees. You can read the arcticle here.
Credit(s): reuters.com

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