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FAO gets new CEO

Schmults resigns, Barry Erdos, ex-prez of Bluefly, named new CEO

-- Kids Today, 3/19/2009 10:33:00 AM

NEW YORK - Reuters reports that specialty U.S. toy retailer FAO Schwarz said on Wednesday that its chief executive, Edward Schmults, has resigned and will be replaced by Barry Erdos.

Schmults, who has been the CEO of FAO Schwarz (the Kids Today Feb. 2008 cover story) since September 2005, left the job to pursue other interests, the company said in a statement. A spokeswoman for the retailer declined to give further details.

Erdos was most recently the president and chief operating officer at Bluefly Inc, an online retailer of designer brands and fashion trends. He has also worked for Build-A-Bear Workshop and clothing retailer AnnTaylor Stores Corp in the past, FAO Schwarz said.

The toy retailer has stores within Macy's Inc department store locations and also operates separate stores in New York City and Las Vegas.

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