Story highlights People share fondest memories of F.A.O. Schwarz after Manhattan toy store announces closure

The toy store is changing locations due to rising rent prices

(CNN) While out late in the fall of 2011, Daniel Stuckey and his roommate saw a giant plush Pegasus doll sitting on the side of the curb, right outside the F.A.O. Schwarz toy store. It looked like it had been left out as trash.

Pegasus' coat was a little damp, and it seemed like it was obviously being discarded, so the two men knew they needed to take the large doll home with them.

Stuckey didn't ask any questions. He just dashed off to get the car.

This is one of the more entertaining memories shared with CNN's iReport following the news that the iconic F.A.O. Schwarz store on New York City's Fifth Avenue will close its doors

The brand, bought by Toys R Us in 2009 , is not going away, but is yet to find a new place to call home.

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