"We are grateful for the hard work of Toys R Us staff during this very difficult period".
The pop-up stores will end after the holiday season unless they perform well and report high sales numbers. Interview requests with KB Toys were not returned.
Toys "R" Us is on its way out, but KB Toys is set to pop back up.
Kassoff said he's been in contact with Hasbro Inc. The Toys R Us going out of business sale comes as more and more people are buying toys and games online due to the convenience and affordable prices of doing so.More news: Alibaba puts United States dollars 2 bln more into Lazada, gives it new CEO
"They won't have the one-stop shop convenience, but I do think they have enough resources in town both between big stores and local companies that they will be able to find what they need", said Sarah Ortega, Certified Lactation Counselor at Renown.
We went to a Toys R Us store in Yonkers, New York, that was part of the initial round of store closings.
KB Toys began as a family-owned toy business in 1922, according to CBS. As an ironic historical footnote, at the time of its first bankruptcy, the retailer was owned by Bain Capital, one of Toys R Us' private equity owners. The company filed for bankruptcy last week, confirming that all 700 or so of its retail stores would be shut down, even after it announced earlier this year that it would be attempting to keep some of the locations open.
In fact, data from NPD shows that the global toy industry in 2017 was the largest it has ever been.