Division retailer chain Lord & Taylor is closing two dozen shops for good because it continues to seek for a purchaser to restructure beneath C
Division retailer chain Lord & Taylor is closing two dozen shops for good because it continues to seek for a purchaser to restructure beneath Chapter 11 chapter safety and hold its enterprise alive.
Offers can be as much as 40% off, the corporate mentioned Thursday morning, because it launched a whole checklist of these outlets set to liquidate.
Thought of the nation’s first division retailer chain when it opened its inaugural store in New York in 1826, Lord & Taylor filed for Chapter 11 chapter safety earlier this month. It joined a rising checklist of outlets which were pushed to the brink in the course of the coronavirus pandemic. The submitting got here roughly a 12 months after Lord & Taylor was acquired from Canadian Hudson’s Bay Co. by style rental subscription service Le Tote.
Greater than 6,000 everlasting retailer closures have been introduced by retailers thus far in 2020, in response to Coresight Analysis. Various the retailers which have filed for chapter this 12 months, together with J.C. Penney, Brooks Brothers, Stein Mart and Pier 1 Imports, account for a whole lot of these.
Mall homeowners face an particularly heavy burden when a division retailer closes completely. These areas, which might span a number of ranges and greater than 100,000 sq. ft, are more and more arduous to switch with new makes use of. U.S. mall homeowners Simon Property Group and Macerich have just lately hinted at doubtlessly including extra grocery shops to their facilities, a development that’s a lot much less frequent in America in contrast with different nations.
Lord & Taylor’s liquidation gross sales are being spearheaded by Hilco Service provider Assets and Gordon Brothers.
Here’s a checklist of the 24 Lord & Taylor places set to shut (Sorted by: Identify, handle, metropolis, state, zip)
DANBURY FAIR MALL, 7 BACKUS AVENUE, Danbury CT 06810
WEST FARMS MALL, 400 WEST FARMS MALL, Farmington CT 06032
TRUMBULL STORE, 5065 MAIN STREET, Trumbull CT 06611
MIZNER PARK, 200 PLAZA REAL, Boca Raton FL 33432
NORTHBROOK STORE, 1455 LAKE COOK ROAD, Northbrook IL 60062
WOODFIELD MAL,L four WOODFIELD MALL, Schaumburg IL 60173
PRUDENTIAL CENTER, 800 BOYLSTON STREET, Boston MA 02199
NATICK STORE, 1245 WORCESTER ROAD, Natick MA 01760
COLUMBIA MALL, 10300 LITTLE PATUXENT PARKWAY, Columbia MD 21044
WHITE FLINT STORE, 11311 ROCKVILLE PIKE, Kensington MD 20895
TWELVE OAKS STORE, 27650 NOVI ROAD, Novi MI 48377
ROCKINGHAM PARK MALL, 99 ROCKINGHAM PARK BOULEVARD, Salem NH 03079
LIVINGSTON STORE, 111 EISENHOWER PARKWAY, Livingston NJ 07039
ROCKAWAY STORE, 317 MT HOPE AVE, Rockaway NJ 07866
WILLOWBROOK MALL, four WILLOWBROOK BLVD., Wayne NJ 07470
CROSSGATES, 1 CROSSGATES MALL ROAD, Albany NY 12203
BAY SHORE MALL, 1701 SUNRISE HWY, Bay Shore NY 11706
WALDEN GALLERIA STORE, eight WALDEN GALLERIA, Buffalo NY 14225
WALT WHITMAN STORE, 158 WALT WHITMAN ROAD, Huntington Station NY 11746
EASTVIEW MALL, 7979 VICTOR-PITTSFORD ROAD, Rochester (Victor) NY 14564
DESTINY USA, 9629 DESTINY USA DRIVE, Syracuse NY 13204
RIDGE HILL VILLAGE, 157 MARKET STREET, Yonkers NY 10710
BALA-CYNWYD STORE, 121 E CITY AVE, Bala Cynwyd PA 19004
FAIR OAKS MALL, 117778 FAIR OAKS MALL, Fairfax VA 22033