×
28 158
Fashion Jobs
ALICE AND OLIVIA
Sales Supervisor - Palm Beach
Permanent · Palm Beach
ESTÉE LAUDER
Training Manager - Estee Lauder - 40 Hours - Herald Square- Macy's - New York, ny
Permanent · New York
ESTÉE LAUDER COMPANIES
Senior Producer/Project Manager - Elc Online
Permanent · New York
BATH & BODY WORKS
District Manager - Bath & Body Works - Raleigh
Permanent · Raleigh
L'OREAL GROUP
l'Oreal Usa, Manager of Performance Marketing & Consumer Acquisition
Permanent · York
L'OREAL GROUP
Senior Manager, Marketing- Cerave us
Permanent · New York
L'OREAL GROUP
Manager, Global Marketing (Cerave)
Permanent · New York
L'OREAL GROUP
sr Analyst- Acd Dmi Finance
Permanent · New York
L'OREAL GROUP
Director - Corporate PR
Permanent · New York
L'OREAL GROUP
Manager - Customer Marketing (Target)
Permanent · New York
HUGO BOSS
Junior Account Executive
Permanent · New York
NEIMAN MARCUS
la Mer Business Manager - Sales Salary Plus
Permanent · Millburn
NEIMAN MARCUS
Loss Prevention Associate
Permanent · Troy
NEIMAN MARCUS
Tom Ford Business Manager - Sales Salary Plus
Permanent · Paramus
NEIMAN MARCUS
sr Manager Retail Performance & Store Operations
Permanent · Garden City
NEIMAN MARCUS
Market Visual Manager
Permanent · Paramus
NEIMAN MARCUS
Market Visual Manager
Permanent · Houston
NEIMAN MARCUS
ta Specialist – IT
Permanent · Dallas
NEIMAN MARCUS
Tom Ford Business Manager
Permanent · Fort Worth
NEIMAN MARCUS
Market Visual Manager
Permanent · San Francisco
NEIMAN MARCUS
sr Manager, Executive Recruiting
Permanent · Dallas
NEIMAN MARCUS
ta Manager, Marketing, Merchandising And Creative
Permanent · Dallas

Lord & Taylor in bankruptcy filing

By
Reuters API
Published
Aug 3, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.


Reuters



The company estimated both assets and liabilities in the range of $100 million to $500 million, its filing in the US Bankruptcy Court for the Eastern District of Virginia showed. A storied department store chain founded in 1826, billed as the oldest in the US, Lord & Taylor had been exploring other options as well as filing for bankruptcy. 

Big names that already filed for Chapter 11 include J Crew Group, JC Penney and Neiman Marcus in May, while Lucky Brand became a casualty of the pandemic in July.

Fashion rental service start-up Le Tote acquired Lord & Taylor last year from Saks Fifth Avenue owner Hudson’s Bay Company for C$100 million ($74.62 million).
Hudson’s Bay had kept ownership of some of Lord & Taylor’s real estate and assumed responsibility for its rent payments, amounting to tens of millions of dollars a year.

Reuters reported in May that Lord & Taylor planned to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus were lifted as it braced for a bankruptcy process from which it did not expect to emerge.

One of the world’s oldest department store operators, it was founded by two English immigrants on the Lower East Side in New York City. During the US Civil War in the 1860s, it opened a special section offering mourning apparel for widows.

Lord & Taylor opened its flagship store on Manhattan’s Fifth Avenue in 1914, and became known for upscale fashion and its holiday window display.

© Thomson Reuters 2020 All rights reserved.