NEW YORK (AP) -- The FAO Schwarz toy store on New York City's Fifth Avenue is taking a final bow.

FILE - In this Nov. 10, 2003 file photo, the FAO Schwarz on Fifth Avenue in New York. (AP Photo/Rich Kareckas, File)

The store is closing its doors for good on Wednesday night -- though it may reopen elsewhere in midtown Manhattan.

Owner Toys R Us announced the decision in May, citing costs.

The company has had a New York City location since 1870. It opened the iconic flagship store in 1986.

The Fifth Avenue fixture included a candy store, three levels of specialty toy departments and personal shoppers.

It's been featured in several movies, including "Big," where Tom Hanks danced on its large floor piano.

Toys R Us of Wayne, New Jersey, has been privately held since 2005. It bought the FAO Schwarz brand in 2009.


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