Lord & Taylor
Lord & Taylor has decided to close its flagship store after more than a century of operation. We’re talking about the Fifth Avenue location! It’s heartbreaking to learn that so many iconic locations are closing. Whatever happens, that can’t be good. The retailer also planned to close ten more stores in 2020.
Lord & Taylor
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Kohl’s
Kohl’s closed four locations in or near malls in the hopes of avoiding the same fate as its fellow mall retailers. The company stated that they chose “lower-performing” stores and that employees were given either a severance package or a transfer to another location. The closures appear to be preventative, which we think is a good thing. It intends to replace them with four smaller ones.
Kohl’s