Charles Lazarus, who founded Toys "R" Us 70 years ago, died Thursday, a week after the company announced it will be forced to shut down its U.S. operations. "He knew the toys and loved the toys and loved the kids who would shop in the stores. Related: The Toys 'R' Us liquidation sales are coming"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," Toys "R" Us said in a statement. He named it Toys "R" Us — with a backwards "R" in the logo that was supposed to look like it was drawn by a kid. Correction: An earlier version of this story misstated the day Charles Lazarus died.

Source: CNN March 22, 2018 18:55 UTC