Herald Sun



FAMED toy em­po­rium FAO Sch­warz, a house­hold name for its aisles crammed with games and pricey play­things, has closed, a ca­su­alty of New York’s sky­rock­et­ing real es­tate prices.

Thou­sands of New York­ers and tourists hur­ried to make a fi­nal pur­chase at the Fifth Av­enue store im­mor­talised in films such as 1988’s Big, when Tom Hanks fa­mously played a pi­ano on its floor with his feet.

Owner Toys “R” Us an­nounced in May it would close due to the “con­tin­u­ing ris­ing cost of op­er­at­ing a re­tail lo­ca­tion on Fifth Av­enue in New York City”.

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