Toys 'R' Us founder dies as iconic retail chain folds

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While the episode didn't mention the company going out of business some on social media suggest the implication was there.

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The British arm of the firm had been trying to find £15m to pay an outstanding tax bill but announced that all 100 Toys R Us stores would be closing their doors after rescue talks were unsuccessful.

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Charles Lazarus founded Toys R Us back in 1948 in an effort to cash in on parents having kids after World War II. Toys R Us said it could not offer such low prices because it relies exclusively on toys for profit. "I don't think so because they don't have the room".

Staff at Toys R Us and Babies R Us do expect big crowds and for the shelves to empty quickly.

Toys R Us has not confirmed how big the discounts will be, though a sales assistant at a store in Greenville, South Carolina, told Business Insider that discounts would start at 10% and increase in the coming weeks.

Granted, the scene doesn't actually spell out that Toys "R" Us would close hundreds of stores in the year 2018. The sales come just days after the toy store chain's founder, Charles Lazarus, died.

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"I think it's very bad it nearly brings tears to my eyes to think about it because they've been around for so long", said Sue Ehrsam, a customer at the store. The popular toy chain filed for liquidation late last week, triggering the likely closure or sale of all their United States stores.

Toys R Us clearance sales are starting after some initial hiccups.

Shoppers chose to take advantage Friday, picking up toys for their children and items for babies at a discount. "The best memories of my three children when they were young was to go inside a Toys R Us".

No longer able to bear the weight of its heavy debt load, the company announced last week that it would liquidate or sell its 735 stores across the country, including its Babies "R" Us stores. There are three other Toys R Us stores in Arkansas - in Little Rock, North Little Rock and Fayetteville.

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Items bought online or at non-closing stores can be returned until April 21.

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