KB Toys Wins Bid for eToys Inventory

Apr 26, 2001, 01:00 ET from KB Toys

    PITTSFIELD, Mass., April 26 /PRNewswire/ -- KB Toys, the nation's largest
 combined mall-based and online specialty toy retailer, announced today that it
 has successfully bid for substantially all of eToys.com's inventory as part of
 the auction process in eToys.com's bankruptcy proceedings.  The inventory,
 representing many categories including preschool, games, girls and boys toys,
 video hardware and software, and specialty and collectible items, represents
 more than $40 million in merchandise at retail prices.  KB Toys plans to offer
 the merchandise to customers at considerable savings through both its stores
 and its online division, KBkids.com.
     "We are very pleased with the outcome of this proceeding and look forward
 to passing these tremendous values on to our customers, " said Michael L.
 Glazer, KB Toys' CEO.  "This deal continues our focus of providing great value
 and convenience to our customers in both our stores and online at KBkids.com."
     KB Toys is the nation's largest combined mall-based and online specialty
 toy retailer, operating more than 1,300 stores in all 50 states, the American
 Territory of Guam and the Commonwealth of Puerto Rico, doing business as KB
 Toys, KB Toy Works, KB Toy Outlet, KB Toy Liquidators, KB Toy Express and with
 online shopping at KBkids.com (www.kbkids.com).  Offering a wide and
 competitively priced selection of toys and video games, commitment to customer
 service, convenient mall locations and a growing online shopping site, KB Toys
 combines the speed of the Internet with the convenience of returns at any
 store.  KB Toys is headquartered in Pittsfield, Massachusetts, and employs
 more than 13,000 associates nationwide.  KB Toys became a privately held
 company in December 2000 through a management buyout in partnership with Bain
 Capital Inc.
 
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SOURCE KB Toys
    PITTSFIELD, Mass., April 26 /PRNewswire/ -- KB Toys, the nation's largest
 combined mall-based and online specialty toy retailer, announced today that it
 has successfully bid for substantially all of eToys.com's inventory as part of
 the auction process in eToys.com's bankruptcy proceedings.  The inventory,
 representing many categories including preschool, games, girls and boys toys,
 video hardware and software, and specialty and collectible items, represents
 more than $40 million in merchandise at retail prices.  KB Toys plans to offer
 the merchandise to customers at considerable savings through both its stores
 and its online division, KBkids.com.
     "We are very pleased with the outcome of this proceeding and look forward
 to passing these tremendous values on to our customers, " said Michael L.
 Glazer, KB Toys' CEO.  "This deal continues our focus of providing great value
 and convenience to our customers in both our stores and online at KBkids.com."
     KB Toys is the nation's largest combined mall-based and online specialty
 toy retailer, operating more than 1,300 stores in all 50 states, the American
 Territory of Guam and the Commonwealth of Puerto Rico, doing business as KB
 Toys, KB Toy Works, KB Toy Outlet, KB Toy Liquidators, KB Toy Express and with
 online shopping at KBkids.com (www.kbkids.com).  Offering a wide and
 competitively priced selection of toys and video games, commitment to customer
 service, convenient mall locations and a growing online shopping site, KB Toys
 combines the speed of the Internet with the convenience of returns at any
 store.  KB Toys is headquartered in Pittsfield, Massachusetts, and employs
 more than 13,000 associates nationwide.  KB Toys became a privately held
 company in December 2000 through a management buyout in partnership with Bain
 Capital Inc.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X22734212
 
 SOURCE  KB Toys