August 31 2020

Lord & Taylor Closing All Locations After Nearly 200 Years of Business

By: Rich Hosford

Lord & Taylor, a nearly 200-year-old institution and an anchor store of the Burlington Mall, is closing its doors for good, reportedly due to a loss of sales associated with the COVID-19 pandemic. 

 

The company made the announcement last Thursday, CBS and other outlets reported. 

 

As reported by BNEWS in early August, the chain filed for Chapter 11 bankruptcy protection on Sunday, August 2. This came after a sale of the business last September to online clothing rental business Le Tote for $100 million from the Hudson’s Bay Company.

 

When the bankruptcy filing occurred, Lord & Taylor announced it had started liquidation sales at 19 of its 38 existing locations. At that time the Burlington location was not one of those stores. 

 

Now, however, Lord & Taylor is holding liquidation sales at all of its stores and on its website. 

 

Lord & Taylor was originally founded in New York in 1824 by English-born entrepreneur Samuel Lord as a dry-goods business selling products including hosiery, misses' wear, and cashmere shawls, the business’s Wikipedia page says. Lord’s wife's cousin, George Washington Taylor, joined in 1834, and the store got its name.


 

 
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