Lord & Taylor Closing After Company Goes Unsold Following Bankruptcy

Lord And Taylor To Close It's Flagship 5th Avenue Store

Lord And Taylor To Close It's Flagship 5th Avenue Store

The first department store ever established in the U.S. is closing its doors for good.

Lord & Taylor announced Thursday it will shut down its remaining 38 stores.

The high-end retailer was in business for 194 years, but it filed for bankruptcy on August 2.

The liquidator for the company said customers can expect deep discounts on merchandise both in stores and online.

Lord & Taylor was sold to the French rental clothing company Le Tote Inc. last year.

Following its bankruptcy filing, the company said it was looking for a new owner, but one did not materialize.

Like many retailers, Lord & Taylor was already struggling with the shift to online shopping even before the coronavirus pandemic struck this spring. >>>Read more here>>>https://6abc.com/business/lord-and-taylor-americas-first-department-store-closing-for-good/6393332/

Source: 6abc

Photo: Getty

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