||During the week
of Christmas 2002, the King Of Prussia, Pennsylvania based parent company
of FAO Schwartz announced it would close 70 under
performing stores by March, 2003.
By the time the holiday came it was confirmed that the company's Union
Square store, in the former Joseph Magnin location at 48 Stockton Street
at O'Farrell since 1989, would be among the doomed toy stores. The original
location of the thirty-two year fixture in Union Square was 180 Post Street, 1969-1989.