The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Department stores have a lot of problems these days. One of them: they can’t seem to attract younger customers.
The country’s oldest luxury retailer, Lord & Taylor, said today that it’s selling its iconic Manhattan headquarters for $850 million. After Christmas next year, the building will become the headquarters for WeWork, a 7-year-old office space company. WeWork is valued at $20 billion, making it the fourth most valuable private U.S. startup — behind Airbnb, […]
Pressure from Amazon has Walmart.com looking for new kinds of customers. According to the Wall Street Journal, the giant discount store is close to landing a deal with Lord & Taylor, one of the oldest luxury department stores in the country. Click the audio player above to hear the full story.