KB Toys Quickly Shuts Downtown Plaza Store

KB joined Mervyns and Linens ‘n Things in shutting down in what was a grim 2008 for retailers. And retailers’ pain is only expected to continue, said Bill Angrick, chief executive officer of Washington, D.C.-based Liquidity Services, Inc., which markets and sells retail assets. Angrick expects as many as 2,600 store locations will close in the coming year as retailers “revisit their overall footprint.”

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