Department-Store Chain Lord & Taylor Files For Bankruptcy

Market Watch ^ | 08/03/20

[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.

[Jamestown1630]

I used to go to the one in Friendship Heights. I think they had one at White Flint, too.

I go years now without entering stores like that.

[mass55th]

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

Mary Todd Lincoln was a regular customer of Lord and Taylor's. I also liked B. Altman and Company. Had credit cards for both, and used to buy from their catalogs from time to time.

[nicollo]

In the 1920s, my librarian grandfather hit on my book department sales clerk grandmother who worked at Lord & Taylor in DC.

That is to say, without Lord & Taylor, I don’t exist!