K•B Toys (previously known as Kay Bee Toys) is a chain of mall-base retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. It currently operates 605 stores in 44 U.S. states, Puerto Rico as well as Guam. KB Toys operates three distinct store formats: K•B Toys, K•B Toy Works, and K•B Toy Outlets (aka Toy Liquidators). It is privately held in Pittsfield, Massachusetts. K•B Toys was owned by Big Lots and Melville Corporation at one time.