Lord & Taylor’s parent firm, Le Tote, also filed for bankruptcy protection over the weekend.
Lord & Taylor has not released any statement regarding today’s mass round of closures. The retailer operates 38 stores in the Northeast, along with a few locations in the Midwest and Florida. One company official estimated that about 20 Lord & Taylor stores are now in a liquidation sale, as of today.
The closing of the Boston Lord & Taylor, prominently located at the Prudential Center, comes as a surprise. It’s a Back Bay Boston landmark and is situated right at the finish line for the Boston Marathon. The retailer’s previous owner, the Hudson’s Bay Company, spent millions to continuously update over recent years.... [+]
The sudden closing sales come at an interesting time for the retailer. Just days ago, Lord & Taylor announced that all stores have finally reopened after COVID-19 closed all locations last March.
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