Department store chain Lord & Taylor is closing two dozen stores for good, as it continues to seek a buyer to restructure under Chapter 11 bankruptcy protection and keep its business alive.
Deals will be up to 40% short, the company said Thursday morning, as it released a full list of such stores to liquidate.
First considered the nation’s first branch chain this month when it opened its first store in New York in 1826, Lord & Taylor filed for Chapter 11 bankruptcy protection earlier this month. It joined a growing list of retailers who were pushed to the brink during the coronavirus pandemic. The submission came roughly a year after Lord & Taylor was acquired from Canadian Hudson’s Bay Company by the fashion rental subscription service Le Tote.
More than 6,000 permanent store closures have been announced by retailers so far in 2020, according to Coresight Research. A number of the retailers that have filed for bankruptcy this year, including JC Penney, Brooks Brothers, Stein Mart and Pier 1 Imports, account for hundreds of them.
Retailers of stores have to bear a special heavy burden if a department store closes permanently. Those spaces, which can span multiple levels and exceed 100,000 square feet, are becoming increasingly difficult to replace with new use. U.S. shopping center owners Simon Property Group and Macerich have recently indicated that they are potentially adding more supermarket stores to their centers, a trend that is much less common in America compared to other countries.
Lord & Taylor’s liquidation sale is being held by Hilco Merchant Resources and Gordon Brothers.
Here is a list of the 24 Lord & Taylor locations set to close (Sort by: Name, address, city, state, zip)
DANBURY FAIR MALL, 7 BACKUS AVENUE, Danbury CT 06810
WEST FARMS MALL, 400 WEST FARMS MALL, Farmington CT 06032
TRUMBULL STORE, 5065 MAIN STREET, Trumbull CT 06611
MIZNER PARK, 200 PLAZA REAL, Boca Raton FL 33432
NORTHBROOK STORE, 1455 LAKE COOK ROAD, Northbrook IL 60062
WOODFIELD MAL, L 4 WOODFIELD MALL, Schaumburg IL 60173
PRUDENTIAL CENTER, 800 BOYLSTON STREET, Boston MA 02199
NATICK STORE, 1245 WORCESTER ROAD, Natick MA 01760
COLUMBIA MALL, 10300 LITTLE PATUXENT PARKWAY, Columbia MD 21044
WHITE FLINT STORE, 11311 ROCKVILLE PIKE, Kensington MD 20895
TWELVE OAKS STORE, 27650 NOVI ROAD, Novi MI 48377
ROCKINGHAM PARK MALL, 99 ROCKINGHAM PARK BOULEVARD, Salem NH 03079
LIVINGSTON STORE, 111 EISENHOWER PARKWAY, Livingston NJ 07039
ROCKAWAY STORE, 317 MT HOPE AVE, Rockaway NJ 07866
WILLOWBROOK MALL, 4 WILLOWBROOK BLVD., Wayne NJ 07470
CROSSGATES, 1 CROSSGATES MALL ROAD, Albany NY 12203
BAY SHORE MALL, 1701 SUNRISE HWY, Bay Shore NY 11706
WALDEN GALLERIA STORE, 8 WALDEN GALLERIA, Buffalo NY 14225
WALT WHITMAN STORE, 158 WALT WHITMAN ROAD, Huntington Station NY 11746
EASTVIEW MALL, 7979 VICTOR-PITTSFORD ROAD, Rochester (Victor) NY 14564
DESTINY USA, 9629 DESTINY USA DRIVE, Syracuse NY 13204
RIDGE HILL VILLAGE, 157 MARKET STREET, Yonkers NY 10710
BALA-CYNWYD STORE, 121 E CITY AVE, Bala Cynwyd PA 19004
FAIR OAKS MALL, 117778 FAIR OAKS MALL, Fairfax VA 22033
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