The Palm Beach Post

FROM GEOFFREY TO KIDS R US: TOYS R US THROUGH THE YEARS

-

Toys R Us, which said it would close or sell all its 740 stores in the United States, 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 R Us founder Charles Lazarus opens Children’s Bargain Town, a baby furniture store, in Washington, D.C.

1957: First Toys R Us store is opened.

1965: Geoffrey the giraffe becomes the company’s mascot. He appears in his first TV ad in 1973. The company sells stuffed animals,

Lego sets and figurines in Geoffrey’s likeness.

1978: Toys R Us becomes a public company.

1983: Kids R Us opens, selling children’s clothing. It had a 20-year run before all 146 stores were closed in 2003.

1996: Babies R Us is born, selling diapers, cribs and car seats. There were more than

200 Babies R Us stores as of last year.

1998: The ToysRUs.com website is launched.

2005: The company is bought by three private equity firms and taken private. 2007: Toys R Us buys wellknown New York toy store FAO Schwarz. It closes the store in 2015 and sells the brand a year later.

2015: Toys R Us closes its flagship store in New York’s Times Square, which had a 60-foot Ferris wheel, after 14 years.

2017: Toys R Us files for Chapter 11 bankruptcy protection.

2018: Toys R Us, following poor holiday sales, files a plan to close or sell its 740 stores in the U.S.

 ??  ?? The closing of U.S. Toys R Us stores affects 30,000 employees and will force toy makers and landlords who depended on the chain to scramble for alternativ­es.
The closing of U.S. Toys R Us stores affects 30,000 employees and will force toy makers and landlords who depended on the chain to scramble for alternativ­es.

Newspapers in English

Newspapers from United States