12/11/2023 0 Comments Charles lazarus obituaryOur thoughts are with his family and the entire Toys ‘R’ Us family. stores and leaving around 33,000 people without jobs. On March 14, Toys ‘R’ Us announced the would be closing all of their nearly 800 U.S. The company had been struggling in recent years due to competition from retailers like Target and Walmart and online shopping at places like Amazon. Charles himself died on Jand was buried in Mount Carmel Cemetery in New York. His face lit up when he watched kids playing with toys.” She was born in Denver, Colorado, on May 2, 1895. “He knew the toys and loved the toys and loved the kids who would shop in the stores. “He was the father of the toy business,” Goldstein told CNN Money after Lazarus’ death. He remained in that position until 1994, when Michael Goldstein became CEO.Ĭheck out this adorable 1994 commercial featuring Lazarus guaranteeing you’ll find the lowest prices at his store: According to a 2008 profile of Lazarus in Entrepreneur Magazine, he then sold the business for $7.5 million in cash, but stayed on as head of the toy division. He eventually opened a store in 1957 dedicated only to toys, calling it Toys ‘R’ Us - with the ‘R’ backward to make it look like it was written by a kid.īy 1966, Lazarus had four stores that together sold about $12 million worth of toys every year. In 1950, Lazarus added toys to his store after realizing parents would continually buy new toys for their children. He ran the store by himself, overseeing the entire operation, including delivering furniture right to the customer’s homes. in 1948 to cater to the post-war baby boom. Lazarus first started a baby furniture business in Washington, D.C. The company tweeted: “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.” Lazarus’ death came not long after the bankrupt toy company announced it would be closing its doors. Lazarus, who is survived by his wife and two daughters, no longer held stake in the company. However, Toys ‘R’ Us said in a statement that he visited the company in New Jersey just last year.ĭescribing his death as “heartbreaking,” the retailer said Lazarus died after a period of declining health and it will “forever be grateful for his positive energy, passion for the customer and love for children everywhere.” Charles Lazarus, the founder of Toys ‘R’ Us, died on March 22 in New York City at age 94. Lazarus, the World War II veteran who founded Toys R Us six decades ago and transformed it into an iconic piece of Americana, died Thursday at age 94, a week after.
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