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KB Toys posts loss of $5.86 million in February
By Ellen Chang
Houston, March 29 - KB Toys Inc. recorded a net loss of $5.86 million in February on sales of $27.22 million, according to the company's monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware Tuesday.
In January, the company reported a $20.89 million loss on sales of $39.39 million.
The Pittsfield, Mass.-based toy retailer had an operating loss of $9.3 million, compared to $14.84 million in January.
Cash and cash equivalents on Feb. 26 were $60.25 million, compared to $70.29 million in January.
The company's Chapter 11 case number is 04-10120.
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