Saturday, January 31, 2004

3,500 more jobs down the chute

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.

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