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Department-Store Chain Lord & Taylor Files For Bankruptcy
Market Watch ^ | 08/03/20

Posted on 08/03/2020 7:27:35 AM PDT by Enlightened1

Upscale department-store chain Lord & Taylor and its owner, clothing rental startup Le Tote Inc., have filed for Chapter 11 bankruptcy protection. The filing Sunday in U.S. Bankruptcy Court in Richmond, Va., came less than a year after Le Tote bought the chain from Hudson's Bay Co. in a $100 million deal. Lord & Taylor has 38 locations in the U.S., according to the filing, and about 650 employees. Some of the stores, which have been closed since March due to the pandemic, reportedly had new "store closing" signs put up Sunday. Department stores have been particularly hard hit by the pandemic, and Lord & Taylor's bankruptcy filing follows those by JCPenney Co., Neiman Marcus Inc. and J. Crew Co.

(Excerpt) Read more at marketwatch.com ...


TOPICS:
KEYWORDS: bankruptcy; covid19; files; lordandtaylor; lordtaylor
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1 posted on 08/03/2020 7:27:35 AM PDT by Enlightened1
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To: Enlightened1

Darn. That was the last of the great old department stores in the DC area.


2 posted on 08/03/2020 7:30:47 AM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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To: Enlightened1
I remember seeing these stores as mall anchors. Usually across from a Macys or Sears with a bunch of little stores and a food court in between.

Don't think I ever set foot in any one of them.

But I miss those halycon shopping mall days of the early 1980s - when girls all wore tight jeans and had big hair. Way before cell phones and Nirvana.


3 posted on 08/03/2020 7:33:56 AM PDT by SamAdams76
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To: Enlightened1

Businesses that were on their last breath prior to Covid merely experience the end sooner. Lord and Taylor qualify as no longer relevant to the American consumer. It was written in the stars from way back.


4 posted on 08/03/2020 7:39:43 AM PDT by scottiemom (As a retired Texas public4 school teacher, I highly recommend private school.)
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To: SamAdams76

Is that you with the mullet and the Magnum PI stash?


5 posted on 08/03/2020 7:46:39 AM PDT by woodbutcher1963
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To: scottiemom

I agree. The *response to* the virus is culling the herd financially and culturally while the virus itself culls the human herd. The weak are the first to go.


6 posted on 08/03/2020 7:49:28 AM PDT by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: Enlightened1

Flagship store 104 years old. Great building on Fifth and 38th

“Fifth Avenue between West 38th and 39th Streets in Midtown Manhattan, New York City. It was built from 1913 to 1914 and was home to Lord & Taylor’s flagship department store in New York City“

Famous for Christmas window display

I used to take my Aunt to the Eastchester store in Westchester. Green striped awning, Tea room. She’d go straight to the sale racks and find gems She said she was there for the opening in the 1940s.


7 posted on 08/03/2020 7:51:25 AM PDT by stanne
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To: woodbutcher1963
I was more like the dorky looking guy in front of him.

But I was a mall rat in those days. That was where many kids and younger adults hung out - especially when the weather was bad outside. We'd catch a movie, explore the tawdry x-rated merchandise at Spencers, check out the gadgets at Sharper Image and then of course, get a plate of cheap chinese food at the court, washed down with an Orange Julius.

8 posted on 08/03/2020 7:58:16 AM PDT by SamAdams76
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9 posted on 08/03/2020 8:00:15 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: stanne

My aunt shopped at the Lord and Taylor in Garden City L.I. Their prices were a above her pay grade but she loved having those labels on her clothes. She actually began to sew old labels into clothes that she had sewn herself. I loved her dearly but she was a bit of a snob and very brand conscious.
When my kids got married Lord and Taylor was my go to store. I bought a beautiful 3 piece suit for my son’s wedding that originally sold for $375 and I got it on sale for $85!


10 posted on 08/03/2020 8:20:27 AM PDT by surrey
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To: Enlightened1

COVID-19 will likely be the death knell for few remaining malls and department stores. I’m guessing in a few years, the only thing that will be left are the big box stores like Wal-Mart and Target, some grocery stores like Kroger and Giant, and handful of specialty stores that can carve out a niche. And most all other shopping will move online to sites like Amazon.


11 posted on 08/03/2020 8:22:35 AM PDT by apillar
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To: SamAdams76

I am surprised no one in the picture has a Walkman on their belt.

I can not make out the shirt on the dark Big Haired girl, but it is probably Duran Duran.

I used to like Brookstone. Their remaining office is actually right next door here in Nashua. It is a over the internet/mail order now. No more stores in the malls.

Everybody loved Spencer’s Gifts. Always fun to go in and look. Get a velour poster that would look so cool in black light.

My wife used to go to the Mall of NH in the winter with our son in a stroller. There were a lot of women that would mall walk for exercise.


12 posted on 08/03/2020 8:34:45 AM PDT by woodbutcher1963
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To: Enlightened1

The democrat party is happy whenever they can cause a business to close either by the fake pandemic or by burning down the store.


13 posted on 08/03/2020 8:54:00 AM PDT by minnesota_bound (homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
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To: Enlightened1

No sweat, if Sleepy Joe gnaws out a big election
win leading the democRats to complete and dominate control
of congress and the good ole US government and rid our country of Trump and the Mag Hat vermin followers, the democRats will fix everything .
All you gotta know is just get it straight from Sleep Joe!


14 posted on 08/03/2020 9:06:11 AM PDT by Rock N Jones (1935)
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To: Enlightened1

Founded 1826


15 posted on 08/03/2020 9:09:24 AM PDT by Grampa Dave (Does anyone know of any Democrat, who does the right thing for America/Americans today?)
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To: Jamestown1630

My wife loved to shop there when they had sales.

I forget the big Mall on the west side of the beltway in Va. where she used to go.


16 posted on 08/03/2020 9:11:04 AM PDT by Grampa Dave (Does anyone know of any Democrat, who does the right thing for America/Americans today?)
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To: surrey

Walking through the store with my aunt en route to the sale rack in the back one time, I remember, she stopped just for a sec to look at a fabulous suit, saying, ‘I can’t even look at the price. Women like your cousin and your sister drive these prices up,” dropped it then kept walking. $450. For a fun jacket. She knew marketing. She would buy at Loehmanns. Later she loved tjmaxx. She told me to watch Nordstrom’s because it was a
Very good company. Right again


17 posted on 08/03/2020 9:11:34 AM PDT by stanne
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To: Grampa Dave

Tyson’s Corner


18 posted on 08/03/2020 9:17:59 AM PDT by pinkandgreenmom
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To: pinkandgreenmom

Thank you!

You are correct.


19 posted on 08/03/2020 9:20:18 AM PDT by Grampa Dave (Does anyone know of any Democrat, who does the right thing for America/Americans today?)
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To: pinkandgreenmom

My wife would go there after her shift at the CCU at Fairfax hospital ended, wearing her nursing scrubs and pin during their sales.

She usually got an extra discount, so did I for her, by showing my Navy Reserve Active ID.


20 posted on 08/03/2020 9:30:00 AM PDT by Grampa Dave (Does anyone know of any Democrat, who does the right thing for America/Americans today?)
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