The new location opens Friday at the Rockefeller Center in Manhattan, CBS News reports.
Along with all the extravagant toys to purchase for the holidays, the store's most famous attraction, the giant piano keyboard mat from the film "Big", is returning as well.
"We have beautiful artisan pieces here, like rocking horses, but we also have items that are $10," Niggli told CBS News. "There's always going to be some of those over-the-top items. I think that's part of what you come to FAO to see. It's part of the magic."
Pop-up FAO stores are also expected to open for the holidays in England, Spain and Austrailia, CBS News says.
The original store was founded over 150 years ago.