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By Jay Hancock and Jay Hancock,Sun Staff Writer | August 4, 1994
Swanky toy merchant FAO Schwarz, home of the talking dinosaur and the walk-upon piano, said it will open its only Maryland store in October in Towson Town Center.Occupying 11,000 square feet of space, the Towson outlet is part of a new strategy by Schwarz to operate stores in indoor malls. Its arrival burnishes Towson Town Center's upscale status.Schwarz runs 30 stores nationwide, including large, flagship stores in New York, Boston, Chicago and San Francisco and five "mall flagship" stores similar to the one planned for Towson.
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BUSINESS
By BLOOMBERG NEWS | December 25, 2003
NEW YORK - FAO Inc., which is trying to sell its Right Start infant and toddler toy stores to keep them from being closed, had a federal judge reject a prospective buyer on concern that it lacked adequate funding to operate the stores. Judge Joel Rosenthal rejected Los Angeles-based private equity fund Hancock Park LP's proposal to buy Right Start at a court hearing Tuesday in Worcester, Mass. Jeffrey Meyers, a lawyer representing seven Right Start store landlords, said yesterday in an interview.
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FEATURES
By Randi F. Marshall and Randi F. Marshall,NEWSDAY | December 4, 2003
NEW YORK - When Gerry Horton was growing up on Long Island, he and his family made an annual pilgrimage into Manhattan during the holiday season. They'd walk down Fifth Avenue, stopping in many a shop and checking out Rockefeller Center. But one of the highlights would always be a stop at the FAO Schwarz flagship store on Fifth Avenue, Horton recalls. "This was always part of the tradition of coming to New York City on Christmas," Horton said. "It's a part of what you think of when you think of New York."
FEATURES
By Randi F. Marshall and Randi F. Marshall,NEWSDAY | December 4, 2003
NEW YORK - When Gerry Horton was growing up on Long Island, he and his family made an annual pilgrimage into Manhattan during the holiday season. They'd walk down Fifth Avenue, stopping in many a shop and checking out Rockefeller Center. But one of the highlights would always be a stop at the FAO Schwarz flagship store on Fifth Avenue, Horton recalls. "This was always part of the tradition of coming to New York City on Christmas," Horton said. "It's a part of what you think of when you think of New York."
NEWS
January 27, 1995
THERE'S A SCENE in the movie "Big," in which Tom Hanks, a kid magically turned into an adult, dances on a huge keyboard. At the new FAO Schwarz store in Towson Town Center, you can see the same scene repeated -- by adults transformed into children. Invariably, adults can't help but take turns with the kids in stepping on the keyboard platform and making music.The store, which opened threemonths ago, is a spectacle, even for parents who feel they already spend too much of their lives inside toy stores.
BUSINESS
By BLOOMBERG NEWS | December 25, 2003
NEW YORK - FAO Inc., which is trying to sell its Right Start infant and toddler toy stores to keep them from being closed, had a federal judge reject a prospective buyer on concern that it lacked adequate funding to operate the stores. Judge Joel Rosenthal rejected Los Angeles-based private equity fund Hancock Park LP's proposal to buy Right Start at a court hearing Tuesday in Worcester, Mass. Jeffrey Meyers, a lawyer representing seven Right Start store landlords, said yesterday in an interview.
BUSINESS
By BLOOMBERG NEWS | November 30, 2002
KING OF PRUSSIA, Pa. - FAO Inc., owner of FAO Schwarz and Zany Brainy toy stores, said yesterday that sales and profit for the year will be less than its forecasts because of slower consumer spending. The company's shares fell 16 percent. Sluggish demand in the third quarter continued into the early part of the current period, FAO said in a statement. The King of Prussia-based retailer said it will give reduced forecasts for the 12 months ending Feb. 2 and an outlook for the next fiscal year when it releases third-quarter results in mid-December.
ENTERTAINMENT
By Michel Marriott and Michel Marriott,New York Times News Service | April 24, 2000
On the Chinese calendar, this is the Year of the Dragon, but a group of toy and consumer electronics manufacturers would not be unhappy if it turned out to be the year of the dog -- the interactive robotic dog, that is. Several companies, including Fisher-Price and Toy Biz, are rolling out computerized canines this spring and fall, following in the path of Sony's Aibo (pronounced EYE-bo), a limited-production robot dog that cost $2,500. The new mechanical palm puppies are less sophisticated, but also less expensive.
BUSINESS
By BLOOMBERG NEWS | April 15, 2003
WILMINGTON, Del. - FAO Inc., owner of the FAO Schwarz, Zany Brainy and Right Start store chains, said yesterday that a $30 million investment has fallen through, threatening its exit from bankruptcy and raising the risk of liquidation. The prospective buyers of preferred FAO shares backed out after "unexpected complications" with a $77 million loan package, the company said. FAO's reorganization plan hinges on the deal and requires it to negotiate financing by Friday. FAO said its options might include replacement equity funding, a sale of all or some of its operations or liquidation.
FEATURES
By Kevin Cowherd and Kevin Cowherd,Sun Staff Writer | November 30, 1994
It is 10:30 in the morning at FAO Schwarz in the Towson Town Center and the Barbie section looks like someone stuck a sign in the window that says: "Buy a Barbie, your next mortgage payment's on us!"Stepping nimbly through the crowd, Jeri Thornton, assistant merchandising manager, passes Bicyclin' Barbie, Camp Barbie, Earring Magic Barbie, Silver Screen Barbie, Troll Barbie, Shopping Spree Barbie, Happy Holidays Barbie and Dance N' Twirl Barbie ("The first doll ever to dance by radio control!"
BUSINESS
By BLOOMBERG NEWS | April 17, 2003
WILMINGTON, Del. - FAO Inc., owner of the FAO Schwarz and Zany Brainy toy store chains, has asked a bankruptcy judge for permission to shut its remaining stores including its flagship location on New York's Fifth Avenue unless the company can find financing, court papers say. FAO said Monday that investors offering to buy $30 million in stock backed out after "unexpected complications" with a $77 million loan package. FAO's reorganization plan hinges on the transaction and requires it to complete financing by tomorrow.
BUSINESS
By BLOOMBERG NEWS | April 15, 2003
WILMINGTON, Del. - FAO Inc., owner of the FAO Schwarz, Zany Brainy and Right Start store chains, said yesterday that a $30 million investment has fallen through, threatening its exit from bankruptcy and raising the risk of liquidation. The prospective buyers of preferred FAO shares backed out after "unexpected complications" with a $77 million loan package, the company said. FAO's reorganization plan hinges on the deal and requires it to negotiate financing by Friday. FAO said its options might include replacement equity funding, a sale of all or some of its operations or liquidation.
BUSINESS
By BLOOMBERG NEWS | November 30, 2002
KING OF PRUSSIA, Pa. - FAO Inc., owner of FAO Schwarz and Zany Brainy toy stores, said yesterday that sales and profit for the year will be less than its forecasts because of slower consumer spending. The company's shares fell 16 percent. Sluggish demand in the third quarter continued into the early part of the current period, FAO said in a statement. The King of Prussia-based retailer said it will give reduced forecasts for the 12 months ending Feb. 2 and an outlook for the next fiscal year when it releases third-quarter results in mid-December.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | January 12, 2002
A decade after an expansion and glitzy remodeling turned Towson Town Center into one of the area's top regional malls, the center is losing some longtime specialty stores and gaining new ones as the first of the decade-old leases expire. About a dozen stores have left in recent weeks or will close by the end of the month, including the Disney Store, Pottery Barn, Hold Everything, Imaginarium, FAO Schwarz, Bailey Banks & Biddle, Circuit City Express, Lechters, Footaction, Silver Diner, Sbarros and Bentley's Luggage & Gifts.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | November 30, 2001
Upscale toy retailer FAO Schwarz will shutter its Towson Town Center location, one of 17 stores it is closing as it completes a deal to sell most of its assets to a rival California company by the end of the year. Schwarz officials wouldn't say yesterday when the store will close or how many employees would be affected. "We have no comment at this time because we haven't publicly announced any details of the store closing," said Bob Friedland, a spokesman for the 40-store chain, which was founded in Baltimore 139 years ago. Towson Town Center officials found out about the closing yesterday after reading a Schwarz newspaper advertisement announcing a store-closing sale offering 15 percent to 30 percent off. Signs for the clearance sale also hung in the windows of the store.
ENTERTAINMENT
By Michel Marriott and Michel Marriott,New York Times News Service | April 24, 2000
On the Chinese calendar, this is the Year of the Dragon, but a group of toy and consumer electronics manufacturers would not be unhappy if it turned out to be the year of the dog -- the interactive robotic dog, that is. Several companies, including Fisher-Price and Toy Biz, are rolling out computerized canines this spring and fall, following in the path of Sony's Aibo (pronounced EYE-bo), a limited-production robot dog that cost $2,500. The new mechanical palm puppies are less sophisticated, but also less expensive.
NEWS
January 27, 1995
THERE'S A SCENE in the movie "Big," in which Tom Hanks, a kid magically turned into an adult, dances on a huge keyboard. At the new FAO Schwarz store in Towson Town Center, you can see the same scene repeated -- by adults transformed into children. Invariably, adults can't help but take turns with the kids in stepping on the keyboard platform and making music.The store, which opened threemonths ago, is a spectacle, even for parents who feel they already spend too much of their lives inside toy stores.
FEATURES
By Kevin Cowherd and Kevin Cowherd,Sun Staff Writer | November 30, 1994
It is 10:30 in the morning at FAO Schwarz in the Towson Town Center and the Barbie section looks like someone stuck a sign in the window that says: "Buy a Barbie, your next mortgage payment's on us!"Stepping nimbly through the crowd, Jeri Thornton, assistant merchandising manager, passes Bicyclin' Barbie, Camp Barbie, Earring Magic Barbie, Silver Screen Barbie, Troll Barbie, Shopping Spree Barbie, Happy Holidays Barbie and Dance N' Twirl Barbie ("The first doll ever to dance by radio control!"
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