Toys “R” Us closes its doors


it thrill generations of children Toys R Us stores across the country are now bear it’s something that I grew up with and to see it now empty It’s just sad heartbreaking Charles Lazarus opened its first store in 1948 selling baby furniture in Washington DC a few years later he turned his attention to toys catchy jingles and a logo a child might write Toys R Us grew to revolutionise retail in the decades that followed Toys R Us was the largest toy retailer for a good chunk of it 70 year history and it was iconic in many ways but the company eventually fell on Hard Times attempts to alleviate mounting dead failed and the once-dominant brand declared bankruptcy combination of the structure of the company plus the ad end of an online shopping Universe just made survivability impossible but it was going out of business in March with some 700 stores shutting down the final 200 close their doors for good on Friday was leaving this New Jersey store for the last time I said it felt like they were saying goodbye to an old friend toy store John shumo CBS News Secaucus New Jersey
One of the most recognizable names in American retail is going out of business today. CBS News’ John Schiumo reports on the end of Toys “R” Us.

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