FAO Schwarz Flagship Closes In NYC, Forcing All Those Giant Stuffed Animals To Find A New Home

The doors will close, the giant piano keyboard will fall silent and all those giant stuffed animals will lose the attention of adoring crowds when FAO Schwarz’s New York City flagship closes today. Will there be a clearance sale on ginormous tigers, or an auction of oversized musical instruments? It’s unclear, though Toys “R” Us, the owners of FAO Schwarz, says it’s looking for a new home to sell toys and bring in tourists again. [More]


Toys R Us to buy FAO Schwarz. The venerable toy retailer and backstop for Apple’s flagship store has been owned by investment firm D.E. Shaw since filing for bankruptcy a few years ago. As part of the deal, TRU is expected to swap its Times Square ferris wheel for FAO’s giant piano keyboard. [Bloomberg]