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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 24 Department Stores Mostly In CT, NY, NJ, MA Lord & Taylor Closing 24 Department Stores Mostly In CT, NY, NJ, MA
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 & …

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by Kristin Palpini
Business
H&M Opening Store At Danbury Fair Mall H&M Opening Store At Danbury Fair Mall
H&M Opening Store At Danbury Fair Mall H&M is returning to Danbury. The trendy clothing retailer will move into Danbury Fair by summer's end or early fall. It will occupy the former Express store space and also space next to it where Ann Taylor was. The new store will extend all the way to Lord & Taylor, said Melissa Eigen, Danbury Fair marketing manager. A sign signals the pending arrival of H&M which is posting job ads for many different positions on Indeed and other employment sites. H&M located on the mall's lower level by Sears closed in 2014 at the mall on Backus Avenue. Eigen said the new store will be l…

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by Donna Christopher
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