KB Toys Gets Coal for Christmas; Liquidation Imminent

Staff reportsiBerkshires
Print Story | Email Story
PITTSFIELD, Mass. — There's no cheer in the holiday season for KB Toys, which has filed for bankruptcy, according to a report in The Boston Globe.

In the midst of the biggest toy shopping month of the year, the 80-year-old retailer is facing liquidation, says The Wall Street Journal. A going-of-business sale is expected to start immediately.

This is the second time the retailer has filed for protection. In its filings in U.S. Bankruptcy Court in Delaware, the company said it had debts ranging from $100 million to $500 million. It assets were in the same range.

The toy company shuttered nearly 200 stores, mostly located in malls, including one in the Berkshire Mall in Lanesborough, when it went into Chapter 11 bankruptcy two years ago.

The company maintains its headquarters on West Street in Pittsfield and operates KB Toyworks in the Allendale Shopping Center.

KB still operates nearly 300 mall stores, more than 100 outlets and 40 Toyworks across the country along with online ordering. The company has more than 10,000 workers; as of last year, about 270 were employed at its Pittsfield headquarters.



If you would like to contribute information on this article, contact us at info@iberkshires.com.

Dalton Select Board Argues Over Sidewalk Article

By Sabrina DammsiBerkshires Staff
DALTON, Mass. — A heated discussion concerning sidewalks during Monday night's Select Board meeting resulted in the acting chair calling a recess to cool the situation. 
 
The debate stemmed from the two articles on the town meeting warrant for May 6 at 7 p.m. at Wahconah Regional High School. 
 
One proposes purchasing a sidewalk paver for $64,000 so sidewalks can be paved or repaired for less money, but they will use asphalt rather than concrete. The other would amend the town's bylaws to mandate the use of concrete for all future sidewalks. 
 
The article on concrete sidewalks was added to the warrant through a citizen petition led by resident Todd Logan. 
 
The board was determining whether to recommend the article when member John Boyle took the conversation in a new direction by addressing how the petition was brought about. 
 
"I just have a comment about this whole procedure. I'm very disappointed in the fact that you [Logan] have been working, lobbying various groups and implementing this plan and filed this petition six weeks ago. You never had any respect for the Select Board and …" Boyle said. 
 
Before Boyle could finish his statement, which was directed to Logan, who was in the audience, Chair Joe Diver called point of order via Zoom. 
 
View Full Story

More Pittsfield Stories