Toys "R" Us is on its way out, but KB Toys is set to pop back up. Strategic Marks, a company that buys and revitalizes defunct brands, owns the KB name and plans to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season. Toys "R" Us, which filed for bankruptcy last year, announced last week that it expects to close all of its 735 stores in the US. Retail Group, and Party City Holdco Inc. (PRTY)Related: Amazon didn't kill Toys 'R' Us. Related: Death of Toys 'R' Us leaves a big hole for toy suppliersStrategic Marks bought the KB Toys brand from Bain Capital in 2016.

Source: CNN March 20, 2018 19:07 UTC