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Post by grimreaper on Jan 27, 2004 19:04:50 GMT -5
i just found out that kbs is going bankrupt oh no thats where i got my cheap zoids  i got a deathstinger from them for ten bucks and many other assorted zoids it really stinks that there closing down well... guess ill have to clean them out hehehe. |
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Post by Genisis on Jan 27, 2004 19:09:47 GMT -5
This is old news.
And KBToys filed chapter 11 bankruptcy protection, not bankruptcy. This means they are seeking to keep their creditors off their back while they reorganise, consolidate, and cut back on expenses, basically by closing no profitable stores and laying off excess employees.
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j*ryu
Sergeant
Live on time, emit no evil.
Posts: 240
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Post by j*ryu on Jan 27, 2004 19:15:53 GMT -5
KBToys is not going out of business quite yet. They're closing 500 of their 1300 stores and may be integrated into Sears. Chapter 11 means that they're restructuring their business to become more profitable. Simply put, they are in a position where their creditors know that they're going to make changes in the way they do business to become more profitable. Store closings, layoffs, etc may be things that they do to cut costs and increase their bottom line. Once they get back into profitability, then they can get better credit terms with their suppliers like Hasbro, Mattel, etc. The last thing that suppliers want is to have a major account like KB Toys fold completely with unpaid bills to them, and 1 less major channel to distribute their toys. Under this protection of bankruptcy, these vendors know that KBToys is serious about getting back on track as a major player in retail toy industry and is making a good effort towards repaying old debts. In the short term, you may see underperforming stores closing, a smaller selection of toys, phasing out of video game systems/games where they have a low margin, and introduction of more exclusive toys to drive traffic to the store. I predict that all KB's will either become an oulet with all overstock and older toys or a store where it will cater to collectors and the like. i just found out that kbs is going bankrupt oh no thats where i got my cheap zoids i got a deathstinger from them for ten bucks and many other assorted zoids it really stinks that there closing down well... guess ill have to clean them out hehehe. |
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Post by Genisis on Jan 27, 2004 19:20:43 GMT -5
Could of sworn I just said that?  lmao |
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Post by grimreaper on Jan 27, 2004 19:23:14 GMT -5
k unfortunately the kbs over here is closing down but i didnt know not all stores were gonna be closed
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j*ryu
Sergeant
Live on time, emit no evil.
Posts: 240
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Post by j*ryu on Jan 27, 2004 19:24:07 GMT -5
We were posting at the same time. Could of sworn I just said that? lmao |
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Post by Genisis on Jan 27, 2004 19:27:25 GMT -5
We were posting at the same time. Really hate when that happens hehehehe We had a KBToys not to far from here, but it was clearanced out and closed the week before Christmas. Luckily we found that the store in Boise isnt going to close and the KB Toy Liquidaters center is staying open as well. |
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Post by Skvora on Jan 27, 2004 19:41:51 GMT -5
you know, one of 2 KBs around me doesnt run out of zoids for months now, and i dun think its closing either.
prices are low
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Transbot9
Major
Systems Coodinator
Posts: 837
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Post by Transbot9 on Jan 29, 2004 14:40:08 GMT -5
I'll have to check the local one, but it's in a mall with Sears, so that might be one schedualed for integration. I think it did well last christmas...
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Post by Tilly on Jan 29, 2004 15:50:56 GMT -5
I don't think the one I go to is closing...although there's also a Sears there.
Two others in the area are...I was going nuts when I heard that on the news until they said where they were. I feel sorry for the people working there, though...
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Post by Skvora on Jan 29, 2004 18:28:23 GMT -5
i've been to 1 of my KBs, there's Sears on that mall but i dun think they're movin. unfortunately all they had were barrigators and saicurtises, i grabbed 1 gator and 2 sai's, 1 for repaint. im gonna go to my other KB and see whats there
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Post by Skvora on Jan 30, 2004 17:39:34 GMT -5
ok, today i hit my other KB, red horns, killer domes, 1 molga, 1 hover cargo, 1 barrigator, saicurtises. I'd say no more than 4-5 of each.
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Post by greenblaze on Jan 31, 2004 8:45:16 GMT -5
mine may be closing...
they are KILLING the prices on the older zoids!
I got saw a command wulf there for like 3 bucks!
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Post by zudo on Feb 7, 2004 23:23:50 GMT -5
the one at my mall is closing, i hope it merges with sears or something, cause i want to return the broken redler they gave me and get the zoids i don't have yet from them, I want a gojulas giga sooooo bad, does anyone know if they will go on the huge salee again?
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i got a deathstinger from them for ten bucks and many other assorted zoids it really stinks that there closing down well... guess ill have to clean them out hehehe.
lmao
