KB Toys said it will cut 3,500 jobs and close at least 375 stores after a bankruptcy judge approved the company's Chapter 11 reorganization plan.
The Pittsfield-based chain sought bankruptcy protection earlier this month, blaming the Christmas season's sharp price wars and increased competition from mega-retailers like Wal-Mart. Ocala Star Banner article
Hey, we're just weeding out the ones who aren't savvy or competitive enough to cut it. Only the best survive.
Saturday, January 31, 2004
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Comments are moderated. There may be some delay before your comment is published. It all depends on how much time M has in the day. But please comment!