WAMC New York News
9:33 am
Thu January 15, 2004

KB Toys Files for Bankruptcy

Pittsfield, MA – KB Toys, headquartered in Pittsfield, Massachusetts, filed for bankruptcy yesterday. The privately held company has been hit hard by discount stores' price wars, which are changing the face of the toy industry. The bankruptcy announcement follows one of the toy company's worst holiday seasons. WAMC's Kelly Wilkinson reports.