FAO Schwarz is an American toy brand and retail chain.[1] The company features high-end toys, life-sized stuffed animals, interactive experiences, brand integrations, and games.[2]
FAO Schwarz claims to be the oldest toy retailer in the United States, founded by its namesake, Frederick August Otto Schwarz, in 1862 in Baltimore before moving to New York City, where it has had several locations since 1870. The dance-on piano, made famous by the 1988 Tom Hanks film Big, brought international attention to the brand.
The company filed for bankruptcy twice in 2003 before temporarily shuttering the Fifth Avenue location in January 2004.[3] In May 2009, Toys "R" Us acquired FAO Schwarz. In 2015, it permanently closed the Fifth Avenue location. ThreeSixty Group later acquired the brand, and opened a new FAO Schwarz location at 30 Rockefeller Plaza in November 2018.[4] In 2019, ThreeSixty opened locations in Chicago, Beijing, London, and Dublin.[5]
The "FAO Schwarz" brand name and trademarks are owned by the FAO Schwarz Family Foundation and exclusively licensed to the ThreeSixty Group, which owns and operates the retail locations.
Retail locations
The FAO Schwarz global flagship is at 30 Rockefeller Plaza in Midtown Manhattan.[6] Its Chicago location is inside Midway International Airport.[7] The London store is in Selfridges.[8] Its Beijing store is in China World Shopping Mall in Chaoyang District,[9] operating in collaboration with Kidsland, China’s largest toy distributor. Comprising 30,000 sq ft on two floors, the Beijing store features a clock tower on the facade, a rocket ship, a custom racecar crafting station, and a replica of the giant piano from the movie Big.[10] The FAO Schwarz flagship store in Dublin is in Arnotts department store on
History
Early history
FAO Schwarz was founded in 1862 in Baltimore under the name "Toy Bazaar" by German immigrant Frederick August Otto Schwarz.
In 1870, Schwarz opened a New York City location known as the "Schwarz Toy Bazaar" at 765 Broadway, which moved to 42 E. 14th Street in Union Square in 1880 and operated at that location until April 28, 1897, when it took over two vacant store locations at 39 and 41 W. 23rd Street. That year, The New York Times declared Schwarz as "the largest dealer in toys in this city."[11]
Beginning in November 1869, the Schwarz Toy Bazaar held an exhibition of toys that would be available for the Christmas season.[12] In 1896, Schwarz proclaimed the store as the "Original Santa Claus Headquarters" in New York.[13] The FAO Schwarz holiday catalog has been published annually since 1876.[14]
Brand
FAO Schwarz is known for its large assortment of plush animals and the Piano Dance Mat, a smaller replica of The Walking Piano featured in the Tom Hanks film Big.[44] FAO Schwarz also features limited-quantity luxury items including a drivable, child-size automobile encrusted with over 40,000 crystals and valued at US$25,000.
In addition to its own line of products, FAO Schwarz carries brands including Steiff, the world's oldest (founded 1880) German designer of stuffed animals; Melissa & Doug, a leading designer and manufacturer of educational toys; and Build-A-Bear Workshop, a make-your-own experience featuring a selection of exclusive FAO Schwarz stuffed animals and accessories, among other in-store retail partners.
When Kinectimals: Now with Bears! was released, the brand also released an exclusive teddy bear plush with a scan tag.
Logo
Through the years, the FAO Schwarz logo has had versions that included a teddy bear, toy blocks, a toy soldier, rocking horse and an animated clock tower.
In popular culture
In the 1972 short story "The Lesson", the store is cast as an instance of immense wealth disparity between classes to a group of poor children.
The New York store is featured in the 1988 Tom Hanks film Big, in which Hanks and Robert Loggia dance "Heart & Soul" and "Chopsticks" on the store's large dance-on piano.[47]
The store's interior was the inspiration for the fictional "Duncan's Toy Chest" featured in the 1992 film Home Alone 2: Lost in New York.[48] The store is featured in Woody Allen's 1995 film Mighty Aphrodite in the final scene where main characters Lenny and Linda have a chance encounter. It is also featured in Baby Boom (1987) and Big Business (1988), among others.[49]
In the 1999 remake of the musical film Annie, during the song "NYC", the characters Oliver Warbucks, Grace, and Annie join a crowd of people all admiring an impressive Christmas-themed window display containing a sign that reads "F.A.O. Schwarz".
External links
References
- FAO Schwarz: 150 Years of Toys CNBC^
- Joan Verdon. Toys 'R' Us has big plans for luxe retailer FAO Schwarz Daily Record, October 14, 2010^
- Mallory Schlossberg. The world's most iconic toy store is shutting its doors today