Business & Tech
Toys "R" Us To Close Famous Times Square Store Dec. 30: Report
400 people will lose their jobs. National chain will open a 55,000-square-foot store at the American Dream center in 2017.
Nearly 400 people will get a pink slip for the new year when Toys “R” Us closes its iconic Times Square store Dec. 30.
The Wayne-based retailer announced earlier this year it would close the flagship store in New York City due to rising rent costs, Crain’s New York reported earlier this year.
The world’s largest toy retailer will open a 55,000-square-foot store, roughly half the size of the Times Square location, inside the American Dream center in the Meadowlands in 2017. It is unknown if the store will be the company’s new flagship store.
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Related: Toys “R” Us To Open 55,000-Square-Foot Store In American Dream Project
The Times Square store opened in 2001. Gap Inc. will reportedly take over the space, Crain’s reported.
Find out what's happening in Waynefor free with the latest updates from Patch.
Toys ”R” Us purchased FAO Schwartz in 2009 and closed that 5th Avenue store, but another is also scheduled to open at the American Dream complex.
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