Parent Company, the online toy retailer and, er, parent company of eToys and other stores, became the first notable holiday season retail casualty when it filed for Chapter 11 bankruptcy Monday. The company, which has had numerous ups and downs since the end of the dot-com boom, called the filing "unfortunate but necessary."
toys and gifts: December 2008 Archives
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.
