We’ve been hearing from a growing number of readers who still have balances on their KB Toys gift cards and want to know what to do. KB filed for Chapter 11 bankruptcy and liquidated in December 2008, and stopped accepting gift cards on December 31, 2008. Gift card holders have only one option left, and not a very good one.
KB Toys is leaving us forever, but their mess can still be seen on the streets of Brooklyn, says reader Dave.
According to an Anonymous insider from KB Toys, all locations of the bankrupt toy store will stop accepting gift cards starting January 1st, 2009. Run, Consumerists! Your Time is short!
A tipster claiming to be a KB Toys manager says that consumers should use their gift cards before the final day of the liquidation.
KB Toys has returned to Chapter 11 bankruptcy, says the Wall Street Journal, and will be liquidated by its parent company — Prentice Capital Management.
Reader Meg says that she saw this sign at KB Toys in New Jersey and just had to go back and take a picture. She’s wondering why we can’t have Halloween anymore without mentioning Christmas.
A veritable turducken of new Black Friday ads: