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For years, Toys "R" Us was an American success story.Now the discount toy retailer is in its final chapter. The company filed for bankruptcy in September. On Wednesday, Toys "R" Us told employees that it would close or sell all its stores in the United States.It's an ignominious end for the company that was once the toy industry's powerhouse. In the second half of the 20th century, just after the Baby Boom, Toys "R" Us grew into a dominant retail chain thanks to its low prices and a knack for keeping the nation's hottest toys in stock."Toys 'R' Us, Big Kid on the Block, Won't Stop Growing," a Wall Street Journal headline blared in 1988.It all started in 1948, when Charles Lazarus, age 25, opened a baby furniture store called Children's Bargain Town in Washington, D.C. He knew Americans returning from World War II were starting families and needed somewhere to stock up on nursery decor.But before long, Lazarus discovered that the real money was not in cribs, but in toys.Toys break, or go out of fashion — which means parents need to go to the store more often, Toys "R" Us explains in its online company history.In 1957, Lazarus opened his first store stocked only with toys. It was modeled after a supermarket, with items stocked high on shelves and a wide assortment of choices. He named it Toys "R" Us — with a backwards "R" in the logo that was supposed to look it it was drawn by a kid.The mainstays of the iconic Toys "R" Us marketing campaigns emerged over the next two decade. Dr. G. Raffe, which had been used to advertise Children's Bargain Town, became "Geoffrey."In a Washington Post ad from 1970, an eager Geoffrey touted "super giraffic selections" inside "super giraffic stores!" Geoffrey made his first TV appearance in 1973. The "I don't want to grow up" jingle made its debut in the early 1980s.In the meantime, Toys "R" Us was booming.The company went public in 1978 after the bankruptcy of onetime parent Interstate Stores. It quickly became a Wall Street favorite. In 1980, the Los Angeles Times called Toys 'R' Us "one of the New York Stock Exchange's hottest stocks.""What we are is a supermarket for toys," Lazarus told the Washington Post in 1981. "We don't have a competitor in variety. There is none."The Washington Post story favorably compared Toys "R" Us to another American giant: McDonald's."Like McDonald's, with its regimented service and standardized burgers and fries, Toys 'R' Us has become an American institution," the article said.Toys 'R' Us was also known in the corporate world for its sophisticated use of computers."One thing that sets the Toys 'R' Us operation apart is that Mr. Lazarus knows precisely what his customers are buying," a 1985 Wall Street Journal article said. "Each product is tracked by computer, and that helps the chain spot hot-selling items weeks before most competitors do."Lazarus also kept his stores stocked with a variety of baby products, like diapers and formula, so shoppers would have a reason to shop year-round.Things started to go awry in the 1990s. In 1994, Lazarus stepped down as CEO. But the biggest change came when Walmart started offering lower prices on diapers, according to toy industry analyst Jim Silver.While Toys "R" Us remained a destination during the holidays, it lost regular shoppers during the rest of the year."That changed everything," Silver said.In 2001, Toys "R" Us opened a flagship store in Times Square, complete with a 60-foot Ferris wheel and a life-size Barbie dollhouse, in order to juice enthusiasm. But the costs were "astronomical," Silver said.On shaky ground, Toys "R" Us was taken private by a group of private equity firms in 2005. Bain Capital, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust bought the company for .6 billion.Saddled with debt, the store was not able to pour enough money into necessary, innovative changes. By the time Amazon ruled the online shopping ecosystem, Toys "R" Us was lightyears behind — despite an early partnership with Amazon in 2000. The agreement to jointly sell toys online ultimately went sour and ended after a court fight."Walmart had a better online experience. Target had a better online experience," Silver said. "They lost online and they didn't adapt."In 2015, Toys "R" Us closed its Times Square mega-store. It was the beginning of the end.A dismal 2017 holiday season was the death knell. Toys "R" Us will run out of cash in the United States in May 2018, according to a recent bankruptcy filing."Everything is up for sale," Toys "R" Us CEO David Brandon told employees on a conference call earlier this week. 4609

For most of us, human interaction now takes place at the grocery store, in small gatherings, or through the virtual world of zoom. "It's still interactive and they can see people they know." Virtual get-togethers are popular and sometimes the only way Myron Stam's clients can talk to, and see other people."They like that closeness, there are those where that's the only interaction they have," Stam said. Before to March 19, Stam ran the 33-year-old motor coach tour company, Daytripper, that gives tours to places near and far across the state. "We toured the rose parade, Los Angeles festivals, the Getty center." The majority of Stan's clients were 65 and up, also known as a vulnerable demographic amid COVID. But age didn't mean the group wasn't tech savvy, when Stam switched from the roads to the screens with virtual tours, sign-ups skyrocketed. "They're educational and they give the opportunity to connect with others who share the same interest," Stam described.Through payroll protection assistance in March, he created virtual tours twice a week. They're now popular with San Diegans and allow those nationwide, to see America's finest city without the price of a flight, "A bus we filled with 52 people, we can now fill with hundreds. It's maybe enough to carry us through until actual tours start bouncing back." 1338

For millions of Americans, the economic fallout of the coronavirus pandemic could be starting to take shape. Late last week, a 0 per week unemployment supplement expired. Also funding from the Paycheck Protection Program has long been depleted. The program was implemented to help employers make payroll during the pandemic.In addition, data released last week indicated the US GDP declined by one-third in the second quarter of 2020.While Congressional Democrats, Senate Republicans and the White House are largely in agreement on the need for a stimulus, agreeing to a framework remains in question. The two sides are at odds over how much of unemployment should be supplemented by the federal government. There is also a debate on offering businesses liability protection from coronavirus-related lawsuits.“Today we have an emergency,” Pelosi said. “A building is on fire and they're deciding how much water they want to have in the bucket. This is very important. Millions of people could've fallen into poverty without the 600 dollars. They're so fussy about any anecdotal information they might have about somebody not going to work because they make six hundred dollars on this, but so cavalier about big money going to companies that shouldn't really be having it."Treasury Secretary Steven Mnuchin met with Congressional leaders on Saturday."There's clearly a subset of issues where we both agree on very much,” Mnuchin said. “We're very interested in extending un-enhanced unemployment insurance, we're very interested in schools, we're very interested in jobs. I think as you know, as the Leader (Mitch) McConnell has said, liability insurance is very important to us. So there's definitely the PPP, there's a lot of bipartisan support." 1759

FREDERICK, Colo. – Law enforcement officials said onl Friday that Chris Watts is in protective custody and being isolated from other inmates at the Weld County jail because of the publicity the case has received and say they still have several days of work to do before Monday’s deadline for charges to be filed.Watts, 33, who has been arrested and accused of killing his wife, Shanann, and their two young daughters earlier this week in Frederick, also has declined to speak with the media for the time being at the advice of his attorney, the Weld County Sheriff’s Office said.The sheriff’s office additionally said that Watts is not currently able to receive visitors because he hasn’t been in the jail system for long enough.The Weld County coroner is conducting at least one autopsy related to the deaths of the Watts family Friday. The body believed to be Shanann’s was discovered on Anadarko property, officials said Thursday morning, and those believed to be Celeste and Bella were recovered from oil tanks nearby later Thursday, high-ranking officials said.Frederick police also said on Friday that they believe they have two or three more days of interviews to conduct related to the case. Weld County prosecutors have until 3:30 p.m. Monday to file formal charges against Watts.He is next due in court Tuesday at 10:30 a.m. to learn what formal charges he faces in the case. He is currently being held without bond for investigation on one count of first-degree murder after deliberation; two counts of first-degree murder – position of trust; and three counts of tampering with a deceased human body.For more on what we know so far about the Watts family murders, click here. 1695

Former "Two and a Half Men" co-star Conchata Ferrell has died. She was 77.Ferrell, who was best known for her role as housekeeper Berta to Charlie Sheen's character on the sitcom, passed away Monday after complications following a cardiac arrest, Deadline reports.According to People, Ferrell had suffered a heart attack in July.Sheen tweeted out his condolences after hearing of her passing. 400

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