Earlier this year, we broke New Yorkers' hearts everywhere with the news that FAO Schwarz would shut its 5th Avenue doors for good.
Well, come December 30th, another New York City icon (and parent owner of FAO) will close its doors in Times Square for good due to the high cost of NYC rent: Toys "R" Us.
[anad]
Check out the intriguing video from The Street below that details the closing of both iconic stores, which cost the company a total of $22 million/year to operate, despite the fact they are beloved tourist attractions.
Here's Why You're Going to Miss the Magic of FAO Schwarz on 5th Avenue.
[Feature Image Courtesy Flickr]