I just read this on Yahoo! News:
NEW YORK (Reuters) - FAO Inc.(Nasdaq:FAOO - news), the parent of FAO Schwarz and Zany Brainy toy stores, on Monday filed for Chapter 11 bankruptcy protection, succumbing to weak sales and intense competition from discounters.
The 141-year-old company, known for its flagship Fifth Avenue store in Manhattan where Tom Hanks danced "Chopsticks" on a giant piano in the movie "Big," said it will close 75 to 80 of its 253 stores, up from the 70 it announced in December. It sought protection from creditors after last month asking lead lender Wells Fargo Retail Finance to relax credit terms. (continued on Yahoo! News)
While I do hope for the best for all the employees of the company, this kind of comes as good news. I hope this means that Hasbro will not be giving them any more overpriced exclusives, and hell, maybe it means they will be giving the shuttle to someone else, because I really don't want to pay $100+ for that thing.