About KB Toys
KB Toys was one of America's largest mall-based toy retail chains, founded in 1922 in Pittsfield, Massachusetts as a candy and drug store before pivoting to toys in the 1970s. At its peak KB Toys operated over 1,300 retail stores in malls across the United States, competing directly with Toys R Us and Children's Palace for dominance in the specialty toy retail market.
The chain was known for its aggressive promotional pricing—particularly on close-out and clearance toys—and its strong presence in mall food courts and anchor positions. KB Toys was a go-to destination for parents seeking popular toys at discounted prices, frequently beating Toys R Us on sale pricing for comparable items.
KB Toys filed for bankruptcy twice—in 2004 and again in 2008—closing all retail locations by 2009. The KB Toys brand was subsequently acquired and a limited online operation was briefly launched, but the physical retail chain no longer operates. Current toy shoppers seeking comparable broad selection should explore Target, Walmart, Amazon, and Five Below for value toy purchases.
Quick Savings Tips
- KB Toys closed all retail locations in 2009 following its second bankruptcy filing
- Target and Walmart offer comparable everyday toy pricing with broader availability
- Amazon provides deep clearance pricing on toys similar to KB's historic close-out deals
- Five Below carries impulse-buy toys at $5 and under—similar to KB's value proposition
- Seasonal toy clearance at major retailers post-Christmas mirrors KB's historic sale events