Toys 'R' Us is closing all of its stores in the United States, and a defunct retailer is hoping to rise up from its ashes.
KB Toys ceased operations in 2009, but Strategic Marks purchased the brand in 2016 from Bain Capital — the same company that took Toys 'R' Us private in 2006, saddling it with debt. Strategic Marks President Ellia Kassoff told CNN Money the plan is to open 1,000 pop-up locations on Black Friday, and where the pop-ups do well, they'll make permanent KB Toys stores.
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