Lord & Taylor closing after nearly 200 years in business

Lord & Taylor is closing its doors after nearly two centuries in business.

News 12 Staff

Aug 28, 2020, 7:03 PM

Updated 1,365 days ago

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Lord & Taylor is closing its doors after nearly two centuries in business.
The company first filed for bankruptcy on Aug. 2 and initially planned to only close half of its stores. But now it is changing course and closing all 38 locations for good.
The Eastchester store on White Plains Road opened in 1947 and has been a staple to the area. Local fans of Lord & Taylor tell News 12 they'll miss shopping there.
Employees at that store said they were upset over the news.
In a statement the company says, "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation."
The Business Council of Westchester says the closure will have a financial ripple effect on surrounding businesses as well.
Other retailers have also had a hard time competing with online shopping and then adding the pandemic on top of that competition.
According to CoreSight Logic research, 7,600 retail locations have already closed this year, including GNC, Bed Bath and Beyond and Men's Wearhouse.


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