Toys 'R' Us Founder Charles Lazarus Dies At 94 Just Days After Chain's Announced Shutdown
March 23, 2018 17:27
When you hear the name Toys "R" Us, your face will probably light up because of all the great childhood memories. For many years, the retailer has been one of the best success stories. And Charles Lazarus, its genius founder, managed to create such a business model that drove smaller competitors out of the toy industry business.
Sadly, due to the stiff competition from Walmart, Amazon, and warehouse clubs like Costco, the company had to close more than 700 stores across the United States just a week ago. And today, the country is shaken by another heartbreaking news: the beloved founder has passed away at age 94.