Lord & Taylor, one of the oldest department stores in the United States, has filed for bankruptcy. According to Forbes, about half of the clothing retailer’s 38…
Lord & Taylor, one of the oldest department stores in the United States, has filed for bankruptcy. According to Forbes, about half of the clothing retailer’s 38 brick-and-mortar stores will begin liquidation sales this week after filing for Chapter 11 bankruptcy protection in a Virginia court on Sunday.
In a message to its customers on the Lord & Taylor website, the company noted that it is looking for a new owner after the COVID-19 pandemic placed an “unprecedented strain” on the already struggling department store chain.
