KBtoys files for bankruptcy, going-out-of-business sales at all stores

KB Toys has filed for bankruptcy and will quickly hold going-out-of-business sales at all stores. The toy retailer blamed the "sudden and sharp decline" in sales at its 461 stores, outlets, and kiosks. See the store locator to find a liquidation sale near you.

It's not yet clear if KBtoys.com and eToys.com will hold going-out-of-business sales too.