Target announces multiyear agreement with FAO Schwarz for its toys to feature exclusively at Target stores

Target Corp. said Monday it has entered a multiyear agreement with toy maker FAO Schwarz that will allow it to exclusively feature FAO's toys at its stores, on Target.com and at FAO store locations starting in October. The company said all of its toy departments will have dedicated space for FAO Schwarz, and that it will have toy demonstrations throughout the holiday season. The lineup will include more than 120 toys and a capsule collection that celebrates FAO Schwarz's 160th anniversary. Products will range in price from $9.99 top $149.99 and there will be at least 50 toys priced under $20. Target is also bringing back its Bullseye's Top Toys list, which will feature 50 of the most-sought after hoiday toys, 23 of which will be available exclusively at Target stores and online. Target shares were slightly higher premarket but are down 25% in the year to date, while the S&P 500 has fallen 15%.

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