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Toys R Us founder Charles Lazarus dies, a week after chain says it will close all stores

File- This Jan. 24, 2018, file photo shows a person walking near the entrance to a Toys R Us store, in Wayne, N.J. Toys R Us’s management has told its employees that it will sell or close all of its U.S. stores. The 70-year-old retailer is headed toward shuttering its U.S. operations, jeopardizing the jobs of some 30,000 employees while spelling the end for a chain known to generations for its sprawling stores and Geoffrey the giraffe mascot. The closing of the company’s 740 U.S. stores will finalize the downfall of the chain and force toy makers and landlords to scramble for alternatives. (AP Photo/Julio Cortez, File) BKWS101 BKWS101

The Toys R Us founder transformed the toy business from Christmas-focused to year-round. Charles Lazarus’ strategy created the world’s largest toy-store chain.

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