...KB Toys’ July 1, 2010 Abstract Why did KB Toys fail? KB Toys was offering toys at a discounted price like consumers where looking for but was that enough? KB Toys did restructures as well as took help from investment companies which brought a profit for a short time. While all of this was a quick fix the revenue never stayed constant but continued to drop. The store stayed in the original idea but never moved forward with the changes of times. Toys where out dated and there was lack of organization. KB Toys’ KB Toys started out as a candy wholesaler in 1922 (KB Toys, nd).Toys was not what the Kaufman Brothers, KB, where looking for however when a debt could not be paid by a client Kaufman Brothers inherited a wholesale toy company during the 1940s (KB Toys, nd). KB Toys changed their name a few times through out the company’s life span. Kay-Bee Toy & Hobby Stores was the first name to take life and sale items at discount prices. By 1977 the store had changed focus to just toys and it was such a big success the name was changed to Kay-Bee Toy and Hobby Shops, Inc. (KB Toys, nd). In 1981 the company is purchased by Melville Corporation and is a division known as Kay-Bee Toy Stores (KB Toys, nd). By 1996 the chains of stores are sold to Consolidated Stores Corporation (KB Toys, nd). Once Consolidated bought Kay-Bee the image of the company needed to be enhanced, thus the KB logo was created (KB Toys, nd). KB toys had a great idea with providing toys at a discounted...
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...Toys "R" Us, Inc. ___________________________________________________________________________________________ Toys "R" Us, Inc. Recent Developments Jan 31, 2011 : Toys "R" Us offers to pay staffers $1m in back pay Fast Facts Headquarters Address One Geoffrey Way, Wayne, 07470, United States of America Telephone + 1 973 6173500 Fax + 1 973 6174006 Website www.toysrus.com Ticker Symbol, Stock Exchange N/A Number of Employees 70,000 Fiscal Year End February Revenue (in US$ million) 13,543.00 SWOT Analysis Strengths Weaknesses Efficient distribution capabilities Dependence on selected vendors Industry recognition Seasonal nature of the business Multiple channel selling strategy Wide geographic presence Opportunities Threats Growth of web-based store concept Increase in counterfeit products Increase in consumer spending in the US Increase in organized retail crime Strategic collaborations Jan 31, 2011 : Toys "R" Us offers to pay staffers $1m in back pay Jan 31, 2011 : Toys "R" Us offers to pay staffers $1m in back pay Toys "R" Us, Inc. - Company Overview Toys "R" Us, Inc. (Toys"R"Us) is a specialty retailer of toy and baby products. The company’s product portfolio includes children’s apparel, juvenile, learning, entertainment, core toy, parenting and seasonal products. These products are sold under various private labels such as Fast Lane, Imaginarium, Dream Dazzlers...
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