KB Toys To Close 4 Arkansas Stores; Jonesboro Franchise to Remain Open - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

KB Toys To Close 4 Arkansas Stores; Jonesboro Franchise to Remain Open

January 30, 2004 - Posted at 7:41 a.m. CDT

 

LITTLE ROCK, AR - The KB Toys chain has announced that it's closing four stores in Arkansas after the Massachusetts-based company filed for bankruptcy.

The Arkansas locations are in Fayetteville, Fort Smith, Hot Springs and North Little Rock.  The only KB Toys store to remain open in Arkansas will be at Jonesboro.

The closings are part of a company initiative to shutter one-third of its locations.  In its bankruptcy filing, the company blamed a very aggressive price war launched by large discount department stores and KB's main competition, Toys R Us.

The chain plans to close 375 of its 1,231 stores, laying off 3,500 employees.

Closing dates for the Arkansas stores will depend on how quickly merchandise is liquidated.

(Copyright 2004 by The Associated Press.  All Rights Reserved.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • BREAKING

    Death investigation underway in Izard County

    Death investigation underway in Izard County

    Wednesday, July 26 2017 2:12 PM EDT2017-07-26 18:12:44 GMT
    Wednesday, July 26 2017 2:29 PM EDT2017-07-26 18:29:50 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    The Izard County Sheriff's Office is investigating the death of a man in the Dolph community.

    The Izard County Sheriff's Office is investigating the death of a man in the Dolph community.

  • breaking

    Crews at the scene of head-on crash

    Crews at the scene of head-on crash

    Wednesday, July 26 2017 1:40 PM EDT2017-07-26 17:40:31 GMT
    Wednesday, July 26 2017 1:45 PM EDT2017-07-26 17:45:31 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    Clay County emergency responders are at the scene of a head-on crash near Boydsville.

    Clay County emergency responders are at the scene of a head-on crash near Boydsville.

  • Woman arrested after she's found asleep in car, loaded gun beside her

    Woman arrested after she's found asleep in car, loaded gun beside her

    Wednesday, July 26 2017 12:24 PM EDT2017-07-26 16:24:58 GMT
    Wednesday, July 26 2017 1:04 PM EDT2017-07-26 17:04:37 GMT
    Nikole Taylor Dakhan (Source: Craighead Co. Sheriff's Office)Nikole Taylor Dakhan (Source: Craighead Co. Sheriff's Office)

    Jonesboro police arrested a Texas woman after they found her asleep in her car, a handgun on the seat beside her, in a school parking lot.

    Jonesboro police arrested a Texas woman after they found her asleep in her car, a handgun on the seat beside her, in a school parking lot.

Powered by Frankly