Ok, maybe I was a bit more dramatic than I needed to be, but that was my first reaction when finding out today that big box toy store Toys R Us (sorry, my keyboard doesn't do a backwards R) has purchased FAO Schwartz - the iconic New York City toy store.
Apparently, it is part of a TRU plan to consolidate the toy industry. They're trying to fight off the mega big box Walmart - who is now the biggest retailer of toys in the US.
TRU has already adjusted it's model a bit by making a move to retailing non-toy products in some of it's stores - selling things like laundry detergent & cleaning supplies.
TRU says that FAO will keep it's name, it's website and it's product mix, but call me dubious that a toy store who has decided to start selling non-toy product will keep FAO the way it is. I remember when Zany Brainy lost their focus when The Right Start took them over and don't hold a lot of hope for the future of FAO and it's unique way of selling toys.
Thursday, May 28, 2009
The evil empire of toy stores
Posted by Joe Mitchell at 12:57 PM
Labels: Big Box Madness
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