Breaking News
Toys ‘R’ Us founder, Charles Lazarus, has passed away – the same day the company he built was scheduled to begin its liquidation sales after going bankrupt.
The company announced last week it was closing and selling all of its stores because of failing sells because of online competitors. Customers just weren’t going to the stores anymore especially with online competitors like Amazon, Sony playstation, and Microsoft. The new generation of children just wasn’t playing with real toys anymore. With downloadable games and downloadable content (DLC), physical toys are no longer needed.
It’s going to be weird not seeing the iconic Geoffrey the mascot giraffe not representing Toys ‘R’ Us. Charles Lazarus was 94