×
68 094
Fashion Jobs
NORDSTROM
General Manager- Cafe Bistro- Barton Creek Square
Permanent · Austin
NORDSTROM
Asset Protection - Agent - Fashion Mall at Keystone
Permanent · Indianapolis
NORDSTROM
Asset Protection - Security Ambassador - Palo Alto
Permanent · Palo Alto
NORDSTROM
Asset Protection - Agent - Fashion Outlets of Chicago Rack
Permanent · Rosemont
NORDSTROM
Asset Protection - Security Ambassador - Factoria Mall Rack
Permanent · Bellevue
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Berlin
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Indianapolis
KOHLS
Loss Prevention Associate
Permanent · Plainfield
KOHLS
Loss Prevention Assistant Supervisor
Permanent · Plainfield
OLD NAVY
Assistant Manager, Customer Operations - Central Plaza
Permanent · Ballwin
COTY
Account Executive, Retailer.Com
Permanent · New York
COTY
Account Executive, Retailer.Com
Permanent · New York
MACY'S
Manager, Omni Operations
Permanent · Savannah
MACY'S
Manager, Omni Operations
Permanent · Hoover
MACY'S
Manager, Merchandise Execution
Permanent · Niles
MACY'S
Manager, Omni Operations - Lakeline Mall
Permanent · Cedar Park
MACY'S
Asset Protection Security Guard, Dallas Galleria - Part Time
Permanent · Dallas
MACY'S
Manager, Merchandise Execution
Permanent · Merritt Island
OLD NAVY
Assistant General Manager - Sugarloaf Mills
Permanent · Lawrenceville
OLD NAVY
Assistant Manager, Customer Operations - Sugarloaf Mills
Permanent · Lawrenceville
OLD NAVY
Assistant General Manager, Customer Operations - Christiana Towne Ctr
Permanent · Christiana
OLD NAVY
Assistant Manager, Customer Operations - Summit Woods Cross
Permanent · Lee's Summit
Published
Aug 25, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lord & Taylor to close 24 store locations

Published
Aug 25, 2020

U.S. department store chain Lord & Taylor is set to close two dozen stores, as it continues to search for a buyer to restructure under Chapter 11 bankruptcy protection.

Lord & Taylor to close 24 store locations. - Facebook: Lord & Taylor


In May, the retailer announced plans to liquidate inventory in its 38 department stores as soon as Covid-19 restrictions were lifted. Now in August, 24 locations are already conducting store closing sales and significant price reductions.

Among the store closures, seven locations will close in New York, two in Massachusetts, three in Connecticut, three in New Jersey, two in Maryland, two in Illinois, and more in Florida, Michigan, New Hampshire, Pennsylvania, and Virginia.

Deals will be up to 40 percent off, the company said in a news statement, and will leave just 14 locations open.

Lord & Taylor filed for Chapter 11 bankruptcy protection earlier this month, joining a growing list of retailers who have taken a similar route in response to the Covid-19 pandemic, including Neiman Marcus and Brooks Brothers.

The filling comes about a year after the legacy department store operator was acquired by fashion rental service start-up Le Tote, from the Hudson’s Bay Company for C$100 million ($74.62 million).

As part of the deal, HBC equally acquired an equity stake of around 25 percent in San Francisco-based Le Tote, and agreed to continue to pay rent on the 38 Lord & Taylor locations over three years.

Le Tote’s plans for Lord & Taylor included merging the two businesses where Le Tote’s buy, rent and subscribe options would be introduced to Lord & Taylor.

A turn-around plan was, however, still not yet successful, though it did attempt to revive the brand with a pop-up store in New York City and existing store remodeling, with a focus on technology.

Copyright © 2022 FashionNetwork.com All rights reserved.