toysrus to shut flagship times square store
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Toys'R'Us to shut flagship Times Square store

Arab Today, arab today

Arab Today, arab today Toys'R'Us to shut flagship Times Square store

Customers wait in line to enter the landmark Toys"R"Us store in Times Square
New York - AFP

New York City is set to lose another landmark toy shop when Toys"R"Us shutters its Times Square flagship store on December 30.

The location, which boasts 110,000 square feet, will close after the toy chain declined to renew its lease, which expires in January. The store first opened in November 2001.

Closing Times Square enabled Toys"R"Us to "realize meaningful rent savings," a company representative said.

"We have not signed a lease agreement for a new location at this time, but we are actively searching for another location in Manhattan."

The company continues to operate 17 locations of Toys"R"Us and Babies"R"Us in the greater New York area, the representative added.
The move comes on the heels of the closing of the iconic FAO Schwarz on Fifth Avenue earlier this year.

At the time, Toys"R"Us, which owns FAO Schwarz, cited soaring real estate costs, but said it could reopen FAO Schwarz elsewhere in Manhattan at a future date.

Conventional specialty retail chains like Toys"R"Us are under pressure from general merchandise retailers like Wal-Mart and Target that sell toys, as well as from Amazon and other online stores.

On December 15, Toys"R"Us reported a loss in the third quarter of $167 million.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toysrus to shut flagship times square store toysrus to shut flagship times square store

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

toysrus to shut flagship times square store toysrus to shut flagship times square store

 



GMT 13:42 2015 Saturday ,04 April

Libyan warplane targets camp in Gharyan town

GMT 15:14 2017 Wednesday ,01 March

UN documents nearly 1,500 child soldiers in Yemen

GMT 07:24 2017 Sunday ,01 October

Mexico unlikely to find more quake survivors

GMT 16:15 2015 Wednesday ,11 November

German intelligence 'spied' on Fabius, FBI, UN bodies

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016

GMT 16:30 2017 Saturday ,15 July

Minister of planning gives priority

GMT 19:45 2017 Wednesday ,05 April

President of Senegal Meets Attorney General

GMT 05:18 2017 Thursday ,21 September

Over 80 missing after migrant boat sinks off Libya

GMT 19:22 2017 Saturday ,01 April

UN: Number of Syrian Refugees Tops 5 million

GMT 15:16 2016 Thursday ,29 September

FBI to put up database on police use of deadly force

GMT 05:06 2016 Friday ,30 September

Indian markets open flat
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday