Toys "R" Us is the top toy retailer in the United States, owning over
20 percent of the US toy market. Toys "R" Us has store chains all over the United
States, as well as overseas. Toys "R" Us also has a chain of children's clothing
stores throughout the US. In recent years, their sales have been down because
of competition with other discount stores such as K-Mart and WalMart. Their
sales overseas have not decreased, probably because of the popularity of American
products. To increase sales, Toys "R" Us is now beginning to advertise more, cut
prices, and try new things in their stores, such as computer software, and a
special section for children's books.
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Charles Lazarus started out his business career by starting a children's
furniture store. He then added toys and renamed to Children's Supermart. His
next store which became extremely popular because of its large size and
low prices. Later, his store was bought by InterState Stores, which filed for bankruptcy
in 1974. Lazarus then reorganized the stores, and renamed them Toys "R" Us, and
earned enough profits to get Interstate back on its feet.
NYSE symbol: TOY
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Chairman: Charles Lazarus, age 71, $7,862,530 pay
VC and CEO: Michael Goldstein, age 53, $1,202,700 pay
President and COO: Robert C. Nakasone, age 47, $1,202,700 pay
EVP; General Merchandise Manager, Toys "R" Us US: Roger V. Goddu, age 44, $516,574 pay
SVP Finance and CFO: Louis Lipschitz, age 50
SVP Human Resources: Jeffrey S. Wells
VP; President, Toys "R" Us International: Larry D. Bouts, age 46, $569,667 pay
VP; President, Kids "R" Us Division: Richard L. Markee, age 42, $516,420 pay
Auditors: Ernst & Young LLP
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July 29 1994 - July 31 1996
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