KB Toys Seeks Chapter 11 ProtectionHere comes the funny part: KB's big push running up to the holidays was...? Anyone? Right, the selling of the George W. Bush Pilotpants action figure. Since then, on top of kicking thousands of employees out into the street, they also seemed to have done the same to you-know-who.
SPRINGFIELD, Mass. - KB Toys Inc. became the second major casualty of this past holiday's toy price wars, filing Wednesday for bankruptcy protection and announcing it will close up to 500 stores and cut its work force.
Getting screwed in this "booming economy" will do that to you.