FAO Schwarz!

What in the world happened to FAO Schwarz? I had no idea they filed for bankruptcy in 2002, and then again in 2003. Then I read today they where sold to Toys R Us Inc. I’m not sure how will Toys R Us will do with them, or if they even fit in with them. FAO Schwarz only has 2 locations, that I know of. One is their flagship store in NYC, and the other one is located in Las Vegas. They also run a catalog business, which up till today I thought they where doing very well. I guess their main customers, the rich folk aren’t buying their toys anymore. I once went to their store in NYC and saw race care their listed for over $25,000, a kids race car. Their toys are over priced only the rich shopped there. Now with Toys R Us taken them over maybe we’ll see prices come down to where everyone will be able to afford their crap.