Well, this didn't take long!
Apparently an investment group scooped up the rights to KB Toys last year, and is now planning to re-open stores across the country on the heels of news that Toys R' Us will be closing all of their stores.
In a post on LinkedIn, Strategic Marks's founder explained the move:
Our umbrella, Strategic Marks, LLC has been very successful bringing back many of the most popular products and companies over the last ten years because we follow a very strict formula; [To bring back the experiences we loved as a child, just as you remembered them]. With #kbtoys, we had to also look at why they initially failed and to make sure those mistakes won't be made again. Now, with the closing of @toysrus so quickly, it caught us by surprise so we've spent the last few days with our team and leaders in the toy industry to figure out how we can accelerate the project so our stores can open for the Christmas season. When we're ready, you will be very happy with the results and we believe our model can withstand both on-line as well as other large competitors for not only the short-term but long-term as well.