Toys R Us closes flagship store
The Ferris Wheel at the Toys R Us store in New York’s Times Square is seen, Wednesday, Dec. 30, 2015. Fourteen years after it began wowing millions of tourists with its indoor 60-foot Ferris wheel and a growling 20-foot Tyrannosaurus, the giant Toys R Us flagship store in Times Square closes its doors Wednesday. (AP Photo/Mary Altaffer)
NEW YORK — After welcoming tourists for 14 years, the over-the-top Toys R Us in Manhattan’s Times Square is closing its doors.
Wednesday marked the last day of business for the company’s flagship location.
The 110,000-square-foot space was home to a 60-foot Ferris wheel, a 20-foot animatronic T-Rex and a life-size Barbie dollhouse.
The store’s closing follows the July shuttering of another iconic New York City toy store, F.A.O. Schwarz.
A spokeswoman says company officials decided not to renew their lease to save money on rent.
She says the company is looking for a new flagship location in Manhattan.
An agent for the building’s owner says retailers Gap and Old Navy have signed leases in the space.
