![]() Our 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. His face lit up when he watched kids playing with toys.” ![]() “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. 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 the chain Menu. 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: Charles Philip Lazarus (Octo March 22, 2018) was an American entrepreneur, executive, and pioneer within the retail toy industry.Lazarus founded the Toys 'R' Us retail chain, which evolved from a childrens furniture store he originally opened in Washington, D.C. 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.” As an expression of sympathy, donations may be made to the School of the Holy Childhood, 100 Groton Parkway, Rochester, NY 14623 or the American Heart Association, 25 Circle St., Suite 102 Rochester, NY 14607.Charles Lazarus, the founder of Toys ‘R’ Us, died on March 22 in New York City at age 94. Entombment in Riverside Cemetery will be held privately. 340 West Ave., Brockport, where her funeral service will follow at 4 PM. It is comforting to now think of them continuing their travels together.įamily will receive friends on Sunday November 11 from 1-4 PM at the Fowler Funeral Home Inc. As soon as they returned from one trip, they would start planning the next. Rosemary and her late husband, Jack, loved to travel. Her grandchildren and great grandchildren adored her, and many extended family members have spoken of Rosemary's great influence on them. She somehow managed to make all ten children feel equally special. The family wishes to give special thanks to the 3rd floor staff at Elderwood of Brockport for their compassionate care. She is survived by her children Roseanne (Victor) Romero, Carol Phillips, Donna (Russell) Wilkins, Anne (Joseph) Whalen, Catherine (David) Blood, Patricia (Gregory) McMullen, Laurie (William) Fuss, Lisa (Michael) Shanley, Mark (Gina) Lazarus and Michael Lazarus, 21 grandchildren, 13 great-grandchildren and 2 on the way, brother Charles (Jane) Lawson, many loving extended family members and her lifelong friend Marion Roth. Lazarus, parents Charles and Catherine Lawson, sister Catherine "Baber" Sponn and son-in-law David Phillips. Passed away peacefully surrounded by her family on Wednesday November 7, 2018, age 88.
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