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Toys “R” Us

Toys R Us founder dies as iconic retail chain folds

LOS ANGELES: The founder of the embattled Toys R Us chain of children's stores died on Thursday, a week after the company announced the end of its operations in the United States. "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, after a period of declining health," it said in a statement. Lazarus, who was 94, had long since given up day-to-day running of the company he founded in 1948 as a small…

All Toys “R” Us shops to shut in Britain

LONDON: Toys “R” Us stores will disappear from Britain’s shopping streets within six weeks, joint administrators for the retailer said on Wednesday, announcing plans to close the group’s remaining 75 shops. The administrators said in a statement they had not been able to find a buyer for all or part of the business, resulting in the loss of about 3,000 jobs. The UK arm of Toys “R” Us entered administration, a form of creditor protection, in February, sunk by weak consumer sentiment, the growth of online sales and…