Founder of Wayne-based Toys ‘R’ Us dies at 94

Posted: Updated:
WAYNE -

The founder of Wayne-based toy store chain Toys ‘R’ Us has died, according to the company.

A spokesperson for Toys ‘R’ Us says that founder Charles Lazarus died Thursday.

VIDEO: A history of Toys R US in New Jersey
MORE: Toys ‘R Us starts liquidation sales

“Our thoughts and prayers are with Charles’ family and loved ones,” the company tweeted.

“Our thoughts and prayers are with Charles’ family and loved ones,” the company tweeted.

Lazarus started the company about 70 years ago and stayed on as CEO until 1994. He no longer had any ownership position in the chain.

His death comes just a week after the company announced it'll be forced to shut down its U.S. operations. About 735 stores will be closing.

A liquidation sale started Thursday at most of the stores.

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