Lord & Taylor surprised Sunday shoppers with “store closing” signs at many locations—and filed for bankruptcy
Lord & Taylor has not released any statement regarding today’s mass round of closures. The retailer operates 38 stores in the Northeast, along with a few locations in the Midwest and Florida. One company official estimated that about 20 Lord & Taylor stores are now in a liquidation sale, as of today.
The closing of the Boston Lord & Taylor, prominently located at the Prudential Center, comes as a surprise. It’s a Back Bay Boston landmark and is situated right at the finish line for the Boston Marathon. The retailer’s previous owner, the Hudson’s Bay Company, spent millions to continuously update over recent years.... [+]
The sudden closing sales come at an interesting time for the retailer. Just days ago, Lord & Taylor announced that all stores have finally reopened after COVID-19 closed all locations last March.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Department-store chain Lord & Taylor files for bankruptcyUpscale department-store chain Lord & Taylor and its owner, clothing rental startup Le Tote Inc., have filed for Chapter 11 bankruptcy protection. The filing...
Weiterlesen »
Lord & Taylor, Oldest U.S. Department Store, Files For BankruptcyThe retailer was acquired in 2019 by online clothing-rental startup called Le Tote. It joins a cascade of bankruptcies by major apparel stores, triggered by the doldrums of the coronavirus pandemic.
Weiterlesen »
Lord & Taylor, the country’s oldest department store chain, files for bankruptcyThe department store chain joins about a dozen iconic retailers that have succumbed to Chapter 11 protection during the pandemic.
Weiterlesen »
Lord & Taylor Files for BankruptcySo continues the retail apocalypse, accelerated all the more by covid-19 and (once) widespread lockdowns: Lord & Taylor has filed for bankruptcy.
Weiterlesen »