Retrieved April 30, 2018.After returning from World War II, Lazarus decided to go into business for himself, so he rented his father's former bicycle-repair shop on the ground floor of the house he was born and grew up in. "Toys R Us founder Charles Lazarus dies at 94, as toy empire liquidates". "Charles Lazarus, who turned a Washington bike business into Toys R Us, dies at 94". "Toys 'R' Us Founder Charles Lazarus Dies at 94". Lazarus, Toys 'R' Us Founder, Dies at 94". "Charles Lazarus Net Worth (House Cars Salary Income 2019)".
↑ 1.0 1.1 1.2 "Toys"R"Us.com - Toy Store - Shop Toys, Games & More Online". Lazarus' death occurred just one day before Toys "R" Us began liquidation sales in the United States. Lazarus died of respiratory failure at Mount Sinai Hospital in New York City on March 22, 2018, at the age of 94. His third wife was interior decorator Joan Regenbogen. His second wife Helen Singer Kaplan was a sex therapist.Ĭharles and Helen were married until her death on August 17, 1995. He had two daughters with his first wife Udyss Lazarus: Ruth and Diane they divorced in 1979. In August 2013, Lazarus sold his duplex residence at 960 Fifth Avenue in Manhattan to billionaire Carlos Rodriguez-Pastor for $21 million. That same year, Walmart surpassed Toys "R" Us as the largest toy retailer in the US for the first time. He remained chairman of the company until 1998. Lazarus retired as chief executive officer (CEO) of Toys "R" Us in 1994. Bush appeared with Lazarus at the opening of the first Toys "R" Us in Japan. In 1992, President of the United States George H.W. The company was considered a retail titan by the 1980s as it began to expand overseas with locations in Canada, Spain, and Singapore. Under Lazarus, the company created the Geoffrey the Giraffe store mascot and introduced the "I'm a Toys "R" Us kid." jingle. Over the next several decades, Toys "R" Us, headed by Lazarus, expanded to suburban shopping areas across the US. Lazarus tweaked the name and logo by turning the "R" around to face the left, to appear as if a small child had written it. In 1957, Lazarus opened his first toys-only store in nearby Rockville, Maryland. In an interview with DSN Retailing Today, Lazarus recalled that his venture into toy retailing was not planned when he opened his first store in 1948, telling the publication, "The toy business was kind of an accident.I started out selling a few baby toys and realized that customers didn’t buy another crib or another high chair or playpen as their family grew, but they did buy toys for each child." During the 1950s, he began exploring the idea of opening a new store dedicated to toys, which were more profitable, rather than children's furniture. Lazarus noticed that parents frequently visited his store to purchase the latest toys and stuffed animals, as their children lost interest in their older toys in favor of new ones. Though Lazarus originally focused on children's furniture and strollers, he soon became interested in the toy business based on his customer's habits and preferences. He primarily focused on strollers and baby cribs during his store's first few years in business. NW in the Adams Morgan neighborhood of Washington D.C. In 1948, Lazarus opened his first store, Children's Bargain Town, a children's furniture store located at 2461 18th St. 
With help from an uncle who was already in the furniture store, Lazarus soon took over the family's entire storefront. Lazarus began selling cradles and cribs inside his father's existing bicycle store. He was inspired by his generation of servicemen who, like himself, returned from WWII, married and began having children. įollowing WWII, Lazarus returned to Washington D.C., to enter the children's furniture business during the late 1940s. Lazarus served as a cryptographer in the U.S. His parents, Frank and Phoebe Lazarus, owned and operated a bike shop. Lazarus was born on October 4, 1923, in Washington D.C., where he was raised as a child.
He opened his first store dedicated exclusively to toys, which he named Toys "R" Us, in 1957. Lazarus founded the Toys "R" Us retail chain, which evolved from a children's furniture store he originally opened in Washington D.C. Charles Philip Lazarus (Octo– March 22, 2018) was an American entrepreneur, executive, and pioneer within the retail toy industry.
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