One week after Toys R Us announced that it would be closing down all its United States stores comes the news of Charles Lazarus’ death. Lazarus was the founder of the company but stepped down from the CEO’s chair in 1994. As noted by a company’s representative, at the time of his death, Charles Lazarus had no stake in the company.
Charles Lazarus Founded Toys R Us in 1957
It would appear the at Toys R Us’ chain of misfortunes have no end in sight. After filing a Chapter 11 bankruptcy protection in September 2017 and announcing last week the liquidation of all its US stores, a company representative has announced that, on Thursday, Charles Lazarus, the founding father of Toys R Us has passed away.
The veteran toymaker was 94 when he peacefully passed away in his sleep at the venerable age of 94. As history bears witness, the man who has dedicated the better part of his life to bring a smile on every child’s face opened the first Toys R Us shop in 1957.
Lazarus, who was inducted into the toys business after completing his World War II tour, has been present on the market ever since 1948 when the opened a furniture store for toddlers.
As a company’s representative pointed out, back then, very much like in the present day, running a toy company was no bed of roses, as Lazarus, as a young toys entrepreneur, had to wrestle with local department stores. They also mentioned that the toys r us stock chart was not affected by his passing away.
However, Lazarus’ budding business was saved by the founders somewhat novel approach to selling and making toys. While other manufacturers were preoccupied to fill their holiday’s quota, Charles Lazarus went to be the first business owner to sell toys all around the year.
Against all adversities, including selling the company to the Interstate Department Stores Inc. which later went bankrupt, pulling Lazarus’ dream along with it, the man managed to save the company and to turn it into a globally-acknowledged brand.
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