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In 1957, he got out of the baby furniture business, renamed his company Toys ‘R’ Us and created the first ever big-box toy store. The new megastore took a supermarket-style approach to toy ...
The store was acquired in 1966 by Interstate Department Stores, Inc. [10] The focus of the store changed in June 1957, and the first Toys "R" Us, dedicated exclusively to toys rather than furniture, was opened by Lazarus in Rockville, Maryland. [11]
1978 – Toys R Us becomes a public company, trading on the New York Stock Exchange, and is headquartered in Paramus. 1983 – The first Kids R Us clothing store opens.
By January 1988 the company had 313 U.S. toy stores, 74 Kids "R" Us outlets, and 37 international toy stores. Plans to open stores in Italy and France were also in the offing. In August, Lazarus told the Wall Street Journal his goal was to sell half of all toys sold in the United States.
We took a look at Toys R Us over the years, from its swift rise, downfall due to e-commerce competitors like Amazon, and attempts at revitalization.
In the second half of the 20th century, just after the Baby Boom, Toys "R" Us grew into a dominant retail chain thanks to its low prices and a knack for keeping the nation's hottest...
If you enjoyed this documentary, hear even more historical stories about candy and companies on the podcast!
By the mid-1960s, both Children’s Supermart Inc. (doing business as Toys “R” Us) and Children’s Bargain Town U.S.A. were sold to Interstate Department Stores and eventually rebranded as Toys “R” Us across the country.
Toys 'R' Us operates more than 1,200 stores under the Babies 'R' Us, Kids 'R' Us, KidsWorld, and Toys 'R' Us names. Even with such an inclusive market, the company experienced a drop in profits when discount stores such as Wal-Mart started to compete with the world-famous retailer.
Toys R Us, which is likely to liquidate its stores, traces its origins back 70 years to a single baby furniture store. Here's a look at Toys R Us through the years: —1948: Toys...