Consolidated Stores Corp. says it remains committed to an initial public offering for toy e-retailer KBkids.com, even though the parent company has announced a respositioning drive to boost its sagging stock price.
The site is a joint venture between Consolidated Stores, which operates more than 1,300 K*B Toys stores nationwide, and BrainPlay.com, an online retailer of specialty children's products.
Consolidated Stores, which also operates Big Lots and other discount chains, says it has retained Credit Suisse First Boston to identify repositioning alternatives.
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