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Charles Lazarus And The History Of Toys R Us - School Essays

Charles Lazarus And The History Of Toys R Us

I. Charles Lazarus - Biographical Information
Charles Lazarus, one of several children, was born on October 4,
1923. The Lazarus family lived in an apartment above their shop in
Washington D.C. His father bought old, broken bicycles, repaired and
painted them, and then sold them for a profit. Charles spent a great deal
of time in his father's bicycle shop when he was young. When he grew older,
he helped his father fix the bikes and serve customers, as well as give
input on how to improve the business. Charles didn't understand why their
store didn't sell new bikes, and his father explained that larger stores
could buy the bikes cheaper in large quantities and therefore could ...

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During the post war years of the late forties and early fifties,
Charles Lazarus anticipated the baby boom because many soldiers were being
discharged from the Army and were beginning to start families. In 1948, he
borrowed $2,000 and started his first business, selling baby furniture.
His first shop was 40 feet by 60 feet, filled with cribs and baby furniture.
After two years of operation, Lazarus realized that many customers had
been asking if he stocked baby toys, to which he always replied "no." It
was at this point that he realized "the customers want toys."
To begin with, Lazarus stocked only a few infant toys. As the
customers' kids grew and their needs became more varied, however, he began
to sell tricycles, books, and a much wider range of toys.
Charles first got the idea for a self-service supermarket while on
a trip to New York. He recognized the efficiency of the supermarket
grocery stores and decided to reorganize his store, modeling it after a
supermarket. In ...

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Charles Lazarus And The History Of Toys R Us. (2005, December 4). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Charles-Lazarus-History-Toys-R-Us/37452

"Charles Lazarus And The History Of Toys R Us." Essayworld.com. Essayworld.com, 4 Dec. 2005. Web. 23 Nov. 2024. <http://www.essayworld.com/essays/Charles-Lazarus-History-Toys-R-Us/37452>

"Charles Lazarus And The History Of Toys R Us." Essayworld.com. December 4, 2005. Accessed November 23, 2024. http://www.essayworld.com/essays/Charles-Lazarus-History-Toys-R-Us/37452.

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PAPER DETAILS

Added: 12/4/2005 03:16:58 AM
Category: Economics
Type: Premium Paper
Words: 1149
Pages: 5

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