Luxury department store chain Lord & Taylor filed for bankruptcy along with its owner, the venture-backed fashion-rental subscription service Le Tote Inc.
Sunday’s chapter 11 filings in the U.S. Bankruptcy Court in Richmond, Va., come less than a year after Le Tote agreed to buy Lord & Taylor from Hudson’s Bay Co., the parent of Saks Fifth Avenue.
Not essential.
Can I get money for slavery?
lordandtaylor or it's parent filing for bankruptcy doesn't mean that they cannot be back in business in current or a new avatar. Sad about folks losing their jobs but never liked them because of bad customer service plus some staff members were very obnoxious and rude.
Recall Montgomery Ward going out of business in ~1999. Then BrooksBrothers filing for bankruptcy protection in 2Q.2020. Next, neimanmarcus. Now, lordandtaylor. This is beginning to sound like a retail version of Tom Lehrer's, Who's Next.
ETTD
Didn’t even know they were still in business
Lockdowns won’t end until 95% of businesses are shutdown for good.
Damn... I like their stuff!
Dayum!
The end of brick and mortar
Makes me sad. The L&T on 5th Ave was my go-to store for decades.
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