News Toys R Us says it will close FAO Schwarz store in July

Discussion in 'The Howard Stern Show' started by HS Cult Leader, May 16, 2015.

  1. HS Cult Leader

    HS Cult Leader Elite Member Gold

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    Toys R Us says it will close FAO Schwarz store in July

    AP
    May 15th 2015 8:10PM

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    NEW YORK (AP) — Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue.

    The company said Friday it will close the 45,000-square-foot store July 15 and it is looking for another location in midtown Manhattan. FAO Schwarz says it is the oldest toy store in the U.S., as it has had a location in New York City since 1870. It moved to its current Fifth Avenue location in 1986.

    The location features a candy store, numerous specialty toy departments spread across three levels, and personal shoppers. It has been featured in several movies, including "Big," where Tom Hanks danced on its large floor piano.

    Toys R Us, of Wayne, New Jersey, has been privately held since 2005. It bought the FAO Schwarz brand in 2009.


     
  2. MISERABLE66

    MISERABLE66 Well-Known Member

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    Good. That shit is too fuckin expensive.
     
  3. Hugh Blowmont

    Hugh Blowmont Just be funny

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    Oh, the suffering of those rich spoiled fucking brats in Manhattan...
     
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  4. peterfonda

    peterfonda Well-Known Member

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    That's really sad. I used to go to FAO Schwartz with my mom in the early '70s when I was a little kid. They had some amazing model electric train layouts.
     
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  5. Mlaw

    Mlaw Quite Contrarian Gold

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    It's moving, not closing
     
  6. Domo Cup

    Domo Cup Well-Known Member

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    Jew on Jew crime
     
  7. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    Yeah. It's owned by Toys R Us. They are also moving out of their flagship location because the lease is just too high. They are probably going to move to cheaper locations for both. I bet closing both locations is a negotiating tactic to get tax concessions from the city.
     
  8. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    [​IMG]
     
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  9. crazypreacher

    crazypreacher Hey yo

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  10. crazypreacher

    crazypreacher Hey yo

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    :ninja:
     
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  11. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    We've lost most supermarkets here for the same reason.
     
  12. JameGumb

    JameGumb We're all out of toner!

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    Will Richard Simmons address this? That's where he treated his barbie fix when in New York.
     
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  13. crazypreacher

    crazypreacher Hey yo

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    What can you do? It's prime real estate.
     
  14. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    Yeah. I use Amazon for dry goods and specialty stores for produce and fresh items now. Fresh direct is cleaning up here.
     
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