consumer products: December 2008 Archives

KB Toys

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Toy retailer KB Toys filed for bankruptcy today, citing a "sudden and sharp decline" in sales. The liquidity crisis is specifically cited as a factor in the filing. The company, which has been around since the the 1920s, also went bankrupt in 2005.

Update: as part of the filing KB is specifically planning on closing all its stores.

Office Depot store closings

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Office Depot announced it is closing 126 stores and six distribution centers to offset declining demand in the difficult economy. The retailer is halving its planned store openings for 2009 as well, from 40 to 20.

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. By David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the consumer products category from December 2008.

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consumer products: January 2009 is the next archive.

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