Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Alton Parrish (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Lord & Taylor Closing After Nearly 200 Years In Business

% of readers think this story is Fact. Add your two cents.


Lord & Taylor, the oldest department store in America, announced, Thursday, it will be closing all 38 of its remaining locations. This ends a 194-year run. The decision to close all remaining locations is a reversal from last week’s choice to leave 14 locations open. Liquidation sales for the store’s remaining inventory has begun with the liquidator, Hilco Merchant Resources, releasing a statement Thursday,

“discounts apply to existing inventory, new store arrivals and on new categories not previously sold at these stores. the historic event will also feature the sale of in store fixtures, furniture, and equipment.”

Founded in the Lower East Side of Manhattan in 1826, Lord & Taylor grew into a leader of the high-end fashion world, eventually moving into its 11-story flagship location near Times Square in 1914. Following World War II, Lord & Taylor thrived under the leadership of Dorothy Shaver. Shaver was the first woman to become the CEO of a major retailer. Under Shaver, the company expanded into the suburban market, opening the first ever branch retail store. Shaver’s branch store contained dozens of individual shops within it, becoming the model for modern suburban mall shopping seen today.

The end of an era for department store chains

Lord & Taylor filed for chapter 11 bankruptcy August 2nd. The historic company joins the many other struggling chains that have filled for bankruptcy in the past few months. The COVID-19 outbreak has seen an unprecedented decline in U.S. retail sales since March — a nail in the coffin for many struggling businesses. Along with Lord & Taylor, clothing retailers such as J.C. Penney, Brooks Brothers, and Neiman Marcus have gone out of business, with more expected to follow.

Even before the pandemic, Lord & Taylor had been struggling to stay afloat. It’s been facing competition from lower end retailers and the rise of online shopping. With many more department stores expected to close, online giants such as Amazon and Walmart are expected to reap the most gains from the shifting landscape.

 

Reprinted with permission from:  https://werax.com/lord-taylor-closing-after-nearly-200-years-in-business/



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com

Order by Phone at 888-809-8385 or online at https://www.herbanomic.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • Razor

    Why are you surprised? Everything is made in ZIPPER land now. The garbage they produce never fits right and always falls apart. But HEY, everyone wanted CHINA in the picture. Now you have NO JOBS, NO FUTURE and NO TAX BASE for ANY city to survive. Wasn’t off shoring and out sourcing a wonderful thing to do? Just wait until the water and sewer gets neglected due to NO TAX money. Than the garbage pick up just WON’T BE THERE! The cities will be GARBAGE DUMPS full of lost IDIOTS who wanted a SOCIALIST COMMUNIST city. This is what the ZIONISTS want. This is the NEW WORLD ORDER. TRASH everywhere and GARBAGE “MADE IN CHINA” products. Which become TRASH within a week or two of breaking…LMFAO! So don’t be surprised, this is your future. EMBRACE IT!…BLM and ANTIFA gave you this GIFT!..ENJOY!

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.