Kay Bee Toys files Chapter 22 bankruptcy
Kay Bee Toys filed for Chapter 22 bankruptcy in federal court Thursday, saying sales in stores open at least one year fell nearly 20 percent between Oct. 5 and Dec. 8.
KB Toys, one of the largest US toy retailers, filed for Chapter 11 bankruptcy protection on Thursday, with a plan to close all its stores and begin liquidation sales in the middle of the holiday season.