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Toys 'R' Us to give up flagship Times Square store

Retailers clamouring for access to the square's tourist traffic have been driving rents higher

The toy merchant's flagship store at Times Square. The landlord plans to break up the space.

New York

TOYS "R" Us, the world's largest toy chain, plans to leave its flagship store in New York's Times Square early next year as it faces an expected rent increase.

The 110,000-sq-ft store at 1514 Broadway, famed for its indoor Ferris wheel and mechanical tyrannosaurus rex