FAO Schwarz Store In Manhattan To Close In July As Rents Rise

Iconic FAO Schwarz Toy Store Is Closing
In this Monday, Nov. 21, 2011 photo, shoppers are seen outside of FAO Schwarz in New York. The crowds, congestion, heavy bags and "Jingle Bells" for the umpteenth time are all unavoidable parts of the holiday experience if you do your shopping in the old-school, brick-and-mortar way. (AP Photo/Bebeto Matthews)
In this Monday, Nov. 21, 2011 photo, shoppers are seen outside of FAO Schwarz in New York. The crowds, congestion, heavy bags and "Jingle Bells" for the umpteenth time are all unavoidable parts of the holiday experience if you do your shopping in the old-school, brick-and-mortar way. (AP Photo/Bebeto Matthews)

The FAO Schwarz toy store in midtown Manhattan will close in July because of rising rents, leaving the 153-year-old brand without a retail outlet.

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