Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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Toys R Us founder Charles Lazarus dies at 94, as toy empire liquidates

Charles Lazarus, the founder of Toys R Us, has died at the age of 94, according to a company spokeswoman. Toys R Us issued the following statement:There have been many sad moments for Toys”R” Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved founder, Charles Lazarus. A 25-year-old Lazarus opened Children’s Bargain Town in 1948 and began selling baby furniture in Washington, D.C. The store gradually ventured into selling toys, and Lazarus opened th


Charles Lazarus, the founder of Toys R Us, has died at the age of 94, according to a company spokeswoman. Toys R Us issued the following statement:There have been many sad moments for Toys”R” Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved founder, Charles Lazarus. A 25-year-old Lazarus opened Children’s Bargain Town in 1948 and began selling baby furniture in Washington, D.C. The store gradually ventured into selling toys, and Lazarus opened th
Toys R Us founder Charles Lazarus dies at 94, as toy empire liquidates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-22  Authors: james thorne, jacques m chenet, corbis, getty images
Keywords: news, cnbc, companies, charles, liquidates, toys, selling, empire, 94, lazarus, founder, toy, dies, company, weeks, opened, washington


Toys R Us founder Charles Lazarus dies at 94, as toy empire liquidates

Charles Lazarus, the founder of Toys R Us, has died at the age of 94, according to a company spokeswoman. Toys R Us issued the following statement:

There have been many sad moments for Toys”R” Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved founder, Charles Lazarus. He visited us in New Jersey just last year and we will forever be grateful for his positive energy, passion for the customer and love for children everywhere. Our thoughts and prayers are with Charles’ family and loved ones.

A 25-year-old Lazarus opened Children’s Bargain Town in 1948 and began selling baby furniture in Washington, D.C. The store gradually ventured into selling toys, and Lazarus opened the first Toys R Us in 1957.

Lazarus chose the iconic backward “R” to mimic the handwriting of children.

Lazarus took the company public in 1978 and built a brand that left an impression on generations of “Toys R Us kids.” Lazarus stepped away as chairman and CEO in 1994.


Company: cnbc, Activity: cnbc, Date: 2018-03-22  Authors: james thorne, jacques m chenet, corbis, getty images
Keywords: news, cnbc, companies, charles, liquidates, toys, selling, empire, 94, lazarus, founder, toy, dies, company, weeks, opened, washington


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Suspected North Korean cyber group seeks to woo bitcoin job seekers

The surging price of cryptocurrencies in global markets is catching the eye not just of ordinary retail investors but a cybercrime gang with links to the North Korean government, according to cyber researchers tracing the group’s activities. This malware shares technical links with former campaigns staged by the mysterious cybercrime group Lazarus, which Secureworks has labeled “Nickel Academy”. The so-called “spearphishing” attempt appears to have been delivered on October 25, but initial activ


The surging price of cryptocurrencies in global markets is catching the eye not just of ordinary retail investors but a cybercrime gang with links to the North Korean government, according to cyber researchers tracing the group’s activities. This malware shares technical links with former campaigns staged by the mysterious cybercrime group Lazarus, which Secureworks has labeled “Nickel Academy”. The so-called “spearphishing” attempt appears to have been delivered on October 25, but initial activ
Suspected North Korean cyber group seeks to woo bitcoin job seekers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-15  Authors: rick findler, pa images, getty images
Keywords: news, games, cnbc, companies, steal, group, bitcoin, seeks, job, north, cyber, woo, secureworks, link, lazarus, cryptocurrency, suspected, researchers, korean, seekers


Suspected North Korean cyber group seeks to woo bitcoin job seekers

The surging price of cryptocurrencies in global markets is catching the eye not just of ordinary retail investors but a cybercrime gang with links to the North Korean government, according to cyber researchers tracing the group’s activities.

The Lazarus cybercrime group is mounting an ongoing scheme to steal the online credentials of bitcoin industry insiders, a report published by researchers at U.S. cyber security firm Secureworks’s Counter Threat Unit (CTU) said on Friday.

Cybersecurity firms including Secureworks suspect North Korea to be behind the Lazarus group, which they link to an $81 million cyber heist last year at the Bangladesh central bank and a 2014 attack on Sony’s Hollywood studio.

“Given the current rise in bitcoin prices, CTU suspects that North Korea’s interest in cryptocurrency remains high and (it) is likely continuing its activities surrounding the cryptocurrency,” Secureworks said in a statement to Reuters.

Prices for the volatile cryptocurrency surged past $10,000 late last month and have continued to race upward toward $20,000. A single bitcoin traded above $17,500 on Friday, up more than 7 percent on the day and more than 18 times in the year to date.

Secureworks said that as recently as last month it had monitored a targeted email campaign aiming to trick victims into clicking on a compromised link for a job opening for a chief financial officer role at a London cryptocurrency company.

Those who clicked on the hiring link were infected by malicious code from an attached document in the email that installed software to take remote control of a victim’s device, allowing hackers to download further malware or steal data.

This malware shares technical links with former campaigns staged by the mysterious cybercrime group Lazarus, which Secureworks has labeled “Nickel Academy”. Secureworks did not say whether anyone who received the email actually clicked on the link.

The so-called “spearphishing” attempt appears to have been delivered on October 25, but initial activity was observed by Secureworks researchers dating back to 2016. The researchers said in a statement they believe the efforts to steal credentials are still on-going.

Recent intrusions into several bitcoin exchanges in South Korea have been tentatively attributed to North Korea, it said.

Secureworks researchers have found evidence dating back to 2013 of North Korean interest in bitcoin, when multiple user names originating from computers using extremely rare North Korean internet addresses were found researching bitcoin.

The same internet addresses were linked to previous North Korean cyber attacks.

A spokeswoman for Secureworks said the company was releasing its preliminary findings now and a more complete report would be published later.


Company: cnbc, Activity: cnbc, Date: 2017-12-15  Authors: rick findler, pa images, getty images
Keywords: news, games, cnbc, companies, steal, group, bitcoin, seeks, job, north, cyber, woo, secureworks, link, lazarus, cryptocurrency, suspected, researchers, korean, seekers


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