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KB Toys declares bankruptcy; Faces Liquidation
The nations number 2 toy retailer, KB stores has declared bankruptcy and will close down it’s 277 stores citing a “sudden” drop in sales. The companies 11,000 employees will be left looking for work.
KB was able to make it through the first great depression but couldn’t manage to survive the current collapse.
Submitted by chartist on Thu, 12/11/2008 - 15:28
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