NEW YORK Cheap Richaun Holmes Jersey , Dec. 30 (Xinhua) -- Toys "R"Us will close its iconic flagship store in Times Square Wednesday due to rising rental cost.

Toys"R"Us, the world's leading retailer dedicated to toy and baby products, currently has 865 stores in the U.S., and 750 international stores and more than 250 licensed stores in 38 countries.

Since its grand opening in November 2001, the Times Square flagship has been a "must see" destination of the Big Apple, welcoming millions of kids each year.

Its astounding 110 Cheap JJ Redick Jersey ,000 square feet filled with everything from toys to trains to video games. Kids from all over the world enjoying marveling at the many attractions at the center of the Toy Universe, taking a ride on the 60-foot Ferris wheel, hearing the roar of the 20-foot animatronic dinosaur or making themselves at home in the life-size Barbie dollhouse.

"We are actively searching for another location in midtown Manhattan where we can welcome shoppers from around the world," CEO Dave Brandon told media.

The company also closed the iconic FAO Schwarz flagship store on the 5th Avenue this July, citing rising rent costs.

The FAO Schwarz founded in 1862, is known for its unique high-end toys Cheap Nik Stauskas Jersey , life-sized stuffed animals, dolls, and its famous floor piano.

Toys"R"Us on Dec. 15 reported financial results for the third quarter ended Oct. 31, 2015.

Consolidated net sales were 2,331 million U.S. dollars, a decrease of 128 million dollars compared to the prior year period. The flat net sales resulted from increases in same store sales in the International segment Cheap Jahlil Okafor Jersey , partially offset by a decline in same store sales in the Domestic segment.

Same store sales increased by 0.6 percentage point led by International same store sales growth of 2.9 percent, which was driven by improvement in the learning and baby categories.

Domestic same store sales were down 0.9 percent due to a decline in the baby and entertainment categories, partially offset by an increase in the learning category.

Taiwan's economy has been slowing, posting its weakest quarter in three years in the three months to June (AFP PhotoSam Yeh)

Taiwan on Tuesday gave the green light for a $15.3 billion fund to stabilise its troubled stock market, after fears of a slowdown in China sent shares diving.

Taipei shares posted the island's steepest ever intra-day decline on Monday, hit by a rout in Chinese equities that sparked a panic sell-off in European and US markets.

In response Cheap Timothe Luwawu Jersey , the government will use the National Financial Stabilisation Fund, with its Tw$500billion of firepower, to stabilise the market during times of volatility.

Beyond that, executive secretary of the restabilisation fund committee Wu Tang-chieh will be left to decide on how to invest, according to a government statement.

"The domestic stock market is affected by poor fundamentals internationally and domestically, leading to a drop in investor confidence Cheap Amir Johnson Jersey ," Wu said Tuesday, adding that Taipei stocks have been among the main losers in global bourses this year.

Taiwan's economy has been slowing, posting its weakest quarter in three years in the three months to June, as weak global demand and rising competition have hurt exports.

Shares rebounded by 3.58 percent Tuesday, boosted by the announcement of government intervention, after plunging 7.49 percent at one point on Monday.

The Financial Supervisory Commission may also implement other measures to stabilise the stock market when necessary Cheap Justin Anderson Jersey , chairman Tseng Ming-chung said, without elaborating.

Companies are also supporting the market with share buybacks. Smartphone-maker HTC Corp. said Monday night it will buy up to six percent of its outstanding shares, roughly Tw$2 billion at the last close, over the next two months.

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