Toys “R” Us may be folding its stores, but another toy company is planning a comeback. KB Toys.
Right now, the plan is to open about 1,000 pop-up stores ahead of Black Friday this year.
The owner said the original plan to was to open a massive online store, but with Toys “R” Us shutting down, there was an opportunity for business.
Ellia Kassoff of KB Toys owner, Strategic Marks, wrote in an online post:
“… with the demise of Toys R Us, this week, we have now accelerated our business plan and hope to have our stores up and running before Christmas. We’re in discussions with many of the toy manufactures, as we try to find out the best way to support them and the 20% loss of the US toy market due to the Toys R Us liquidation. We believe we will have the infrastructure in-place and [hopefully] save the toy industry.”
After the holiday shopping season, the company will decide which stores should become permanent.
KB Toys used to have multiple locations in Hawaii, but all were shut down after the company filed for bankruptcy nearly a decade ago.
CNN contributed to this report.