KB Toys Is Coming Back As ToysRUs Is Leaving

Posted: Mar 19 2018, 11:28am CDT | by , Updated: Mar 19 2018, 11:42am CDT, in News | Toys

 
KB Toys Is Coming Back as ToysRUs is Leaving

A long-closed toy store is going to open again in 2018.

KB Toys gets resurrected from the dead. KB Toys was a chain of mall-based retail toy stores founded in 1922 and went out of business almost 10 years ago. At its height, there a have been about 1,300 stores across all 50 states. This was more stores than ToysRUs. Strategic Marks, LLC has acquired what was left of KB-Toys about a year ago.

Ellia Kassoff, founder of Strategic Marks announced that they are working for months on plans to bring back the Great American Toy Store. With ToysRUs closing down, they accelerated their plans and hope to open KB Toys stores in time for Christmas.

Kassoff said: "With the demise of Toys R Us, this week, we have now accelerated our business plan and hope to have our stores up and running before Christmas. We're in discussions with many of the toy manufactures, as we try to find out the best way to support them and the 20% loss of the US toy market due to the Toys R Us liquidation."

The response to the announcement of the KB Toys comeback has been met with great excitement from the toy industry. "Wow! is all we can say after our first announcement here on Linked In that we're bringing back @kbtoysstore very soon. We've received so many calls, emails, and private messages of support as we try to #savethetoyindustry. Due to the overwhelming response, we can't commit to replying back immediately but we will get to all messages as fast as we can," Ellia Kassoff said in a follow-up post on LinkedIn on Sunday.

Strategic Marks, LLC has already brought back some old department store brands. The company was in a legal clinch with Macy's over the use of such nostalgic brands like Robinson-May, Bamberger's, I. Magnin, Bullock's, Foley's and Jordan Marsh.

In 2016 Macy's and Strategic Marks, LLC settled and these brands are now featured on an online retail platform called Retro Departments Stores. There is not that much substance there for each of these brands. KB Toys might be the "gold" Strategic Marks was seeking in retro store brands.

The KB Toys come back means also hope for some of the 33,000 ToysRUs employees to find a new job. ToysRUs is in the process of preparing to close the remaining 735 ToysRUs stores. The new ToysRUS closing sales have not yet begun.

KB Toys will not be open for Easter toy shopping, but you can hot Easter toy gifts in our Easter Toy Gift Guide for 2018 online. Get the free Tracker app to get notified when the hottest toys and most wanted amiibo of 2018 are in stock online. You can already subscribe to be notified when Pomsies, Fur Babies World, 5 Surprise ball, and more hot 2018 toys are in stock.

Read the latest hot toy news, shop the best-selling toys and follow us on Twitter for hottest toy announcements of 2018 at the Toy Fair 2018 in New York. See also the highlights of the Spielwarenmesse 2018 in Nuremberg and Toy Fair 2018 in London.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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