FAO Schwarz to return to Houston via Macy's stores May 20, 2008
A freestanding store was located at 5000 Westheimer Road prior to its parent, FAO Inc., filing for Chapter 11 bankruptcy protection in December 2003. FAO cleared out inventory in most of its stores, including its location in Houston. (Houston Business Journal, TX)
Instant Checkout Drives Apple, Coach, Circuit City in Search of Shoppers Dec 21, 2007
As many as 30,000 customers enter FAO Schwarz's Manhattan store each day, said Ed Schmults, chief executive officer of the toy seller's parent company, FAO Inc. Spokeswoman Nanette DiFalco said the average number of transactions expected from clerks each hour was increased this year from 2006. She declined to disclose the number. (Bloomberg -- US)
Morgan Beaumont CEO steps aside Sep 7, 2006
Welch was previously CEO of FAO Schwartz Inc., CEO of FAO Inc., and chairman and CEO of Right Start ... Springer, a certified public accountant who had been working as a consultant, was previously executive vice president and CFO of FAO Inc., Payless Cashways Inc., Jumbo Sports and Kash N Karry Supermarkets. (Herald-Tribune)
Switching Tracks May 28, 2006
FAO Inc., the owner of the iconic FAO Schwarz chain, twice filed for bankruptcy protection in 2003. It emerged from a $41 million hedge fund buyout with only its New York flagship and a second store in a Las Vegas casino. (Sacramento Bee -- Business)
