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Lord & Taylor Closing 24 Department Stores Mostly In CT, NY, NJ, MA
Department Store chain Lord & Taylor has announced the closure of 24 more of its stores - many of them located in Connecticut, New York, Massachusetts, and New Jersey.
Lord & Taylor filed for Chapter 11 Bankruptcy in August. The retail giant, which was established in 1826, joins other chains that couldn’t survive the tragic COVID-19 economy. Other bigs that are closing shops across the country include J.C. Penny, Pier One, and Brooks Brothers.
So far this year, 6,000 department stores in the U.S. have been permanently closed, according to Coresight Research.
The local Lord & …
Original Ann Taylor's in New Haven Closes - More Closures for Parent Co. Ascena Planned
The original Ann Taylor’s in New Haven closed for good on Monday, July 27.
The retailers first launched from New Haven in 1954, eventually growing to a women’s clothing store giant.
Ann Taylor’s parent company, Ascena, filed for bankruptcy earlier this month. In addition to Ann Taylor, Ascena owns the brands: LOFT, Lane Bryant, Justice, Catherines, Cacique, and Lou & Grey. All of the retailers will continue to operate, though many of its 2,800 stores will be closed, according to Ascena. Catherines is being sold to City Chic.
In announcing the bankruptcy filing and restructuring on July…
Covid-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic
In the largest retail casualty of the novel coronavirus (COVID-19) pandemic, JCPenney has filed for bankruptcy.
Founded in 1902, JCPenny has about 800 stores in the United States.
“The coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country," said Jill Soltau, chief executive officer of JCPenney, in a statement released on Friday, May 15. "As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business to pr…
