Mar 22, 2018

Toys R Us founder Charles Lazarus dies at 94 as his company folds

The man who founded Toys R Us - the children's toy retailer - has died aged 94, one week after his company announced it was closing its doors. "There have been many sad moments for Toys R Us in recent weeks, and none more heartbreaking than today's news about the passing of our beloved founder, Charles Lazarus," the company wrote online. The backwards R was also famously used in the name of Toys R Us. Toys R Us to close all US stores. Before the founding of Toys R Us, the market for children's toys was mostly considered to be a seasonal industry. Toys R Us sold nappies at steep discounts, hoping parents would pass the savings along to their children, according to Bloomberg.

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