Business
KB Toys snaps up eToys inventory
KB Toys has purchased nearly all of eToys' inventory as part of a bankruptcy proceeding, the company said Thursday. Pittsfield, Mass.
KB Toys has purchased nearly all of eToys' inventory as part of a bankruptcy proceeding, the company said Thursday.
Pittsfield, Mass.-based KB will pay about $5.4 million for the inventory, company spokesman John Reilly said. The company plans to sell the inventory, valued around $40 million, at a discount through its outlet and retail stores as well as through its KBkids.com Web site, he said.
KB expects to receive the eToys inventory within the next two weeks, Reilly said. He didn't know what specifically the inventory contained, but said it included a number of specialty and collectible items. --Troy Wolverton, Special to ZDNet News