Sorry for the inconvenience.
Posted on 08/02/2020 5:18:30 PM PDT by Cecily
It seems that every day brings a breaking news story regarding the retail industry. The same is true for the entire world as it winds its way through the current health and economic crises. But it still came as a surprise when shoppers showed up at many Lord & Taylor locations late Sunday morning and found “Store Closing Signs” posted in the windows.
The liquidation shouldn’t come as a complete surprise. The retailer has been battered by heavy debt, cash flow issues, and COVID-19 store closures. Its current owner, the clothing rental firm, Le Tote, purchased Lord & Taylor last November from Canada’s Hudson Bay Company and Le Tote has struggled to find the right recipe, and capital, for retail success. Then along came coronavirus.
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.
(Excerpt) Read more at forbes.com ...
And didn’t Brooks Bros. close up shop recently? I once bought a straw boater there. A real splurge.
Six Degrees of Lord and Taylor...
J. B. White was a department store chain in the Southeastern United States founded in Augusta, Georgia in 1874 by James Brice White, an Irish immigrant.[1] In the early 1910s, White sold the store to the H.B. Calvin Company, owner of Lord & Taylor.[2]
Saturday saw some sad news in the NCAA basketball world. As Geoff Grammar and Kyle Land of the Albuquerque Journal write, 18-year-old incoming New Mexico Lobos player Fedonta “J.B.” White was shot and killed Saturday morning.
How the mighty have fallen! Lord & Taylor used to be top of the heap for expensive women’s wear.
When all is said and done, it is a business concern, that needs a constant inflow of cash. That wasn’t happening since February. Might not happen predictably till next year.
You can’t pay month property rent or salaries with nothing but high hopes.
This virus situation will have an impact for some time to come; I couldn’t imagine the impact of lost wages, lost rental/mortgage/auto payments, employers closed permanently, loss of tax revenues by states and the federal government, etc..
After three years of an improving economy, the last five months have reduced us to where we’d be if Obama had won the 2020 election - economically, socially, in terms of race relations - in everything.
Let’s face it, there are just so many ways to design and sell Marxist uniforms with matching masks.
meanwhile there’s pages and pages of ads for amazon workers needed where I live.
They will become even more powerful.
I thought they had already gone out of business. Only people I know that shopped there were over 60 and they hadn’t been there in a couple years.
For better or worse, the pandemic has caused people to shift their shopping habits online and I don't see that changing.
I dont either and I’m embarrassed to say how much i spend on amazon.
2 days and it’s here.
The times I didn’t get something I Got no argument and my account was credited almost instantly.
But I’m buying brands of all kinds of things...though now amazon has its own products.
i dunno
Must be desparate to file on a Sunday. Best guess is that a creditor was planning to take an aggressive action Monday, and they had to beat them to the punch.
Yup, there are very few ladies anymore. Now, the female gender wear spandex leggings, sport tattoos and piercings... and quite frankly, some are scary looking creatures out of a 60s horror flick.
But today the place looks like a ghost town.Half the stores haven't even bothered to reopen.
If Rat Party Governors (and Trump hating RINO Governors like ours) set out to destroy the nation's economy it certainly looks like they've succeeded.
And it's all due to "Orange Man Bad".
Around here, Amazon does its own deliveries. The Prime delivery trucks are grayish and have a big Amazon Prime logo. The non-Prime deliveries are white and have no signage. Then, of course, there are the pickup locations for those who want to avoid the porch pirates - generally 7/11s or Whole Food.
Completely agree.
I watch my share of vintage stuff on YouTube. So many people comment about the nicer looking normal women versus the freaks of today.
Yes, the pandemic has inspired changes in shopping habits for many. Long before that, many shopping malls already were becoming unsafe places to be, due to invasions of Hood Rats swarming in to distract, threaten and to steal.
Just a few weeks ago, there was a 50 y/o male cashier in a Macys who was beaten down to the floor by some black kid who said the cashier called him a name. Of course, he was lying.
The assaulter was filmed by his brother, an ‘up and coming Rapper’ who did nothing to stop the beatdown.
Just think we could have had a major Amazon installation nearby. But thanks to the brilliance of AOC...
I joked when this all started that when this is all over, we’ll all be working for Amazon.
Now I’m wondering if it’s really a joke anymore.
Amazon truck is at my door damn near every day, the only thing I shop for is groceries EVERYTHING else is Amazon, sometimes it is at my door the very next day quite amazing!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.