Just as we're getting ready to say good bye to Toys R Us, a savior emerges.
In a message posted on LinkedIn, Ellia Kassoff, founder of Strategic Marks, said his company is planning on bringing back KB Toys. The "Great American Toy Store" was a staple in shopping malls until it closed in 2009.
Strategic Marks purchased KB Toys in 2017. Earlier this year, Toys 'R' Us filed for bankruptcy and will begin their liquidation sale Thursday, March 22, 2018.
"Well, 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," Kassoff said in the statement. "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. We believe we will have the infrastructure in-place and [hopefully] save the toy industry."
