Charles P. Lazarus, the founder of Toys ‘R’ Us, died on Thursday at age 94. His death comes just a week after the toy chain announced that it was closing all of its U.S. stores amid financial troubles. “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,” the company said in a statement. The company filed for bankruptcy last year, attributing its financial troubles to the rise of online shopping trends.
