Disney closing 5th Avenue store

August 11, 2008 6:21:38 PM PDT
The Walt Disney Co. plans to close its World of Disney store on Manhattan's Fifth Avenue when the lease expires in 2010 and replace it with a smaller store elsewhere in the borough. Spokesman Gary Foster says the company behind such lovable characters as Mickey Mouse, Donald Duck and Winnie the Pooh and the "Toy Story" and "High School Musical" movies is scouting locations for the new store.

World of Disney stores like the one on Fifth Avenue near St. Patrick's Cathedral are operated by Disney's parks and resorts division and are bigger than the chain stores operated by the consumer products division. The new store will be part of the chain.

The Disney stores sell products including toys, clothes and games.

Disney used to operate a store in Times Square.

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