Image: Gary Burke via flickr.
May 18, 2015
FAO Schwarz To Close Flagship Fifth Avenue Store Ahead of Rising Rent
Beloved toy store FAO Schwarz has announced that it will shutter its midtown Manhattan store on July 15, citing rising rents, reports Bloomberg. Founded in 1862, the store, which is owned by toy chain Toys "R" Us, Inc., is the oldest toy store in the United States. The brand has long been known for its high-end dolls and life-sized stuffed animals and as the stuff of many a tiny tot's fantasies.
What does the future hold for the iconic toy store?
What does the future hold for the iconic toy store?
