Maybe The Problem Isn't Just the Economy

KB Toys has filed for bankruptcy protection.

Again.

It's the second time in four years the company has filed for bankruptcy protection. Something tells me that it has as much to do with poor business choices as it does with the sour economy.

KB Toys has to compete with the likes of Toys R Us and Walmart and Target. If you've been anywhere near a KB Toys lately, you'd find that the stores are cramped, lack the kind of selection seen in Toys R Us or Walmart or Target, and are often more expensive than the other choices.

In other words, KB Toys couldn't compete on price and business was dwindling because of competition. The store's management was unable to turn things around, and faces the same situation it did just a few years ago, albeit during unfavorable economic times.