Toys R Us Founder Dead at 94

Toys 'R' Us founder dies days after chain shutdown | Bangkok Post: business

Toys 'R' Us founder dies days after chain shutdown | Bangkok Post: business

His family said Mr. Lazarus, who lived in Manhattan, died of respiratory failure at Mount Sinai Hospital in NY.

Charles Lazarus, the Toys R Us founder who was affectionately known by those who loved him as the "Toy King", has died.

Those expected to see higher toy and baby goods sales include Walmart, Amazon and Target, already among the biggest US toy sellers, as well as smaller specialty retailers. His death comes as the company begins to start its liquidation sales.

The closing of the 735 USA stores will result in more than 30,000 jobs lost.

The company said last week it's trying to bundle its Canadian business with about 200 USA stores and find a buyer.

"Children need a place to play", he said. "Thank you for your understanding and we will miss you all". Within a few years, he began selling toys along with cribs and strollers. Having the store disappear from the landscape is, for many, akin to losing a piece of childhood. He eventually stepped down as its chief executive officer in 1994, and left the company altogether four years later. In 1965, the public was introduced to a loveable giraffe named Geoffrey, who became the company's mascot, appearing in TV commercials with the memorable jingle announcing that we were all Toys "R" Us kids.

The Donohoe Road store will join the other approximately 800 Toys R Us locations and close for good within the next few months as the once-mighty toy retailer shuts down . President George H.W. Bush joined Mr. Lazarus for the opening of the company's first store in Japan in 1992.

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The corporate Toys R Us office responded on March 22 to our request for information that "closing sales have likely been delayed until tomorrow".

Lazarus, who was born on October 4, 1923, was inducted into the Toy Industry Association's Hall of Fame in 1990. Larian promises to give you toys for life (though the fine print says he'll ultimately decide what toys, and how many).

Charles Phillip Lazarus was born October 4, 1923 in Washington. "Without Toys "R" Us I'm going to have to lay some of them off".

Toys "R" Us struggled in recent years from growing competition from online retail, as well as companies such as Walmart and Target, which sold toys along with groceries and other items.

Charles Lazarus has two daughters, Ruth and Diane Lazarus, from his first wife, Udyss, who he divorced in 1979.

"The beauty of Toys "R" Us was that we were the toy store for children across the world", Mr. Goldstein said.

"There is no toy business without Toys R Us", he told The Washington Post last week.

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