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Lord & Taylor

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Groundbreaking Held For Redevelopment Of Busy Westchester Shopping Center Groundbreaking Held For Redevelopment Of Busy Westchester Shopping Center
Groundbreaking Held For Redevelopment Of Busy Westchester Shopping Center Developers have broken ground on a redevelopment project meant to improve a busy Westchester shopping center.  A groundbreaking event celebrating the launch of the redevelopment at Yonkers' Ridge Hill shopping center was held on Wednesday, April 10 by developer North American Properties and city officials, including Mayor Mike Spano. The project will transform the center into a "more cohesive, human-centric" mixed-use space. Phase I of the project, which began with Wednesday's groundbreaking ceremony, entails reimagining the center's streetscape, modernizing the merchandisin…

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by Ben Crnic
Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business
Lord & Taylor Closing All Its Stores After Nearly 200 Years In Business Lord & Taylor, the first department store to be established in the United States, is going out of business, closing all its stores after a 194-year run. Reversing a decision announced last week to keep 14 stores open, the company announced on Thursday, Aug. 27 that all of its 38 remaining stores and website have begun liquidation sales.  Parent company Le Tote had filed for bankruptcy Sunday, Aug. 2. "While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inv…

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by Joe Lombardi
Business
Lord & Taylor Closing Westchester Store Lord & Taylor Closing Westchester Store
Lord & Taylor Closing Westchester Store 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 & …

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by Kristin Palpini
Business
Lord & Taylor To Close Another Area Store Lord & Taylor To Close Another Area Store
Lord & Taylor To Close Another Area Store The Lord & Taylor store in the Palisades Center Mall in West Nyack will close its doors after the holiday season, making it the second large retailer to exit the shopping mecca. The once behemoth luxury retailer has served shoppers at Palisades Center since 1998. The retailer’s departure follows J.C. Penney’s closure in June 2017. Clarkstown Councilman Donald Franchino confirmed the closure of the store, saying the center needs to diversify and become a mixture of retail and entertainment. "The Palisades is Clarkstown's largest taxpayer and our number one tourist attraction," Franchino…

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by Kathy Reakes
Business
Card Data Stolen From 5 Million Lord & Taylor, Saks Fifth Avenue Customers Card Data Stolen From 5 Million Lord & Taylor, Saks Fifth Avenue Customers
Card Data Stolen From 5 Million Lord & Taylor, Saks Fifth Avenue Customers Two of the nation's premier department stores suffered a security breach that has compromised credit and debit card as well as personal information for more than five million customers. About 125,000 cards used at Lord & Taylor and Saks Fifth Avenue have been released for sale so far on dark web forums, according to Gemini Advisory, a New York-based cyber-security firm. For a notice about the breach published by Gemini Advisory, click here. A spokesman for the Hudson's Bay Company, which owns both chain stores, confirmed the breach and released separate statements for customers of both…

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by Daily Voice