Blogger Hacks, Categories, Tips & Tricks

Tuesday, February 24, 2004
KB closings
SB Capital Group > News: "PITTSFIELD, Massachusetts - January 29, 2004 - SB Capital Group, LLC was approved by the United States Bankruptcy Court for the District of Delaware as part of a consortium of retail specialists to orchestrate store closing events in at least 356 stores nationwide. In addition to the initial list of stores, KB Toys will identify by February 11 a secondary group of 19 to 115 stores slated to close. KB Toys, which filed for bankruptcy protection on January 14, is restructuring to address financial challenges created primarily by the price war during the 2003 holiday season, mass merchants' increasing use of toys as loss leaders during the holiday season, and increasing price competition in the toy market during the remainder of the year."
Posted at 11:13 AM by John.

Links to this post:

Create a Link

eXTReMe Tracker