Consumers are scared to go out and retailers are floundering. Is there a future for the traditional indoor shopping mall? Wochit
Lord & Taylor, of one of the nation’s oldest department store chains, has started liquidating 19 of its 38 stores.
The retailer filed for Chapter 11 bankruptcy protection Sunday, joining the growing list of retailers who say they were impacted by temporary store closures amid the coronavirus pandemic.
But department stores and apparel retailers with a heavy commitment to shopping mallswere grappling with declining foot traffic long before thepandemic.
Since May,Ascena Retail Group, parent company of Justice, Ann Taylor and Lane Bryant, New York & Company‘s parent company RTW Retailwi…
Read the full article at: https://www.usatoday.com/story/money/2020/08/03/lord-taylor-store-closures-list-chapter-11-bankruptcy/5572005002/
