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Lord & Taylor's final sale: Who will buy all that real estate?

Aug 28, 2020
The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Pedestrians walk past a shuttered Lord & Taylor department store in Garden City, New York. on May 12.
Bruce Bennett/Getty Images

Why department stores are getting into the rental business

Aug 12, 2019
Department stores have a lot of problems these days. One of them: they can’t seem to attract younger customers.
People attend the grand opening of the new Bloomingdale's store at the Ala Mona Center on November 12, 2015 in Honolulu, Hawaii.
Marco Garcia/Getty Images for Bloomingdale's

Lord and Taylor HQ sale shows shifts in retail and work culture

Oct 24, 2017
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, […]

Walmart deal would put Lord & Taylor merch on the discounter's website

Oct 20, 2017
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.