Toys “R” Us Inc. x FAO Schwarz

Toys “R” Us Inc. x FAO Schwarz

Toys “R” Us Inc., the largest U.S. toy-store chain, acquired FAO Schwarz flagship Fifth Avenue store in New York.

Toys “R” Us plans to continue operating FAO Schwarz’s two retail stores in New York and Las Vegas under the same name
FAO Schwarz is the name.

FAO Schwarz was founded in 1862 under the name Toy Bazaar by German immigrant Frederick August Otto Schwarz, in Baltimore, Maryland later opened additional locations in Philadelphia and Boston. When the store opened in 1870 in New York City the name was changed to FAO Schwarz.

Toys “R” Us founded by Chuck Lazarus initially started Children’s Supermarket, which would later evolve into the modern day Toys “R” Us in Washington, DC during the post-war baby boom era in 1948 as a baby furniture retailer. Its first location was at 2461 18th St, NW, where the nightclub, Madam’s Organ Blues Bar is currently located.

via: bloomberg

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