From the ArcaMax Publishing, Business News Newsletter:
http://www.arcamax.com/news/businessnews/s-349162-751062
CHICAGO (UPI) -- FAO Schwarz and Macy's department stores plan to
implement a new agreement in which the toy retailer will open outlets
in 700 Macy's stores.
The first 75 full-sized FAO Schwarz stores will open in Macy's in the
fall, along with another 200 smaller toy shops, The Chicago Tribune
said. The newspaper said the first trial run of the Macy's-FAO Schwarz
combination was conducted at the department store's State Street
location in Chicago.
"This is an outstanding partnership that will bring toys back to
Macy's in an exciting and unique way," Terry Lundgren, president and
CEO of Macy's, told the Tribune.
FAO Schwarz also will market its private-label collections its new
Macy's locations.