86-year-old toy retailer closes doors for good

PITTSFIELD, Mass. KB Toys announced that it will be closing its doors for good. On Dec. 18, a Delaware bankruptcy court approved plans for the 86-year-old company to begin a nationwide going-out-of-business sale for all of its 461 stores.

KB Toys has lowered prices on its entire stock. Savings start at 40% off regular prices. All KB Toys, KB Toy Outlet, KB Toy Works, and KB Toys Holiday Stores nationwide are participating in the sale.

"While we are deeply saddened by the impending closing of our stores, we would like to thank our loyal customers by offering last-minute holiday savings on everything in the store," said Andy Bailen, CEO of KB Toys. "Customers can choose from hot holiday toys, traditional favorites, video games, closeouts, and Super Value Toys."

Headquartered in Pittsfield, Massachusetts, privately-held KB Toys plans to close all 461 of its stores across America, the American Territory of Guam and the commonwealth of Puerto Rico by early February 2009.