One of the world's most iconic toy stores is shutting down
Reuters
The retailer is not renewing its lease on the 110,000-square-foot store, which features a giant indoor Ferris wheel, a life-size Barbie dollhouse, and a 20-foot Tyrannosaurus Rex dinosaur, Toys R Us spokeswoman Alyssa Peera told Business Insider.
The store will officially close on December 30.
"It is certainly bittersweet," Toys R Us CEO Dave Brandon told CNN Money, referring to the rush of shoppers in the store for the final Black Friday at the Times Square location.
Reuters
The FAO Schwarz store, known for its giant toy piano, was a major tourist destination made famous by the 1988 movie "Big," starring Tom Hanks.
Reuters
The Toys R Us flagship in Times Square opened in 2001.
Reuters
"We continue to explore alternative locations in the area," Peera said. "This process is ongoing."
AP
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