Lord & Taylor, Men's Wearhouse owner file for bankruptcy as latest retail casualties of the pandemic
4 years, 5 months ago

Lord & Taylor, Men's Wearhouse owner file for bankruptcy as latest retail casualties of the pandemic

Daily Mail  

Lord & Taylor, one of America's oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. In this January 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store, which closed for good in New York Mannequins are pictured inside a closed Lord & Taylor department store at the Wisconsin Place shopping center in Washington on April 29 The company estimated both assets and liabilities in the range of $100 million to $500 million. Pictured, a Lord & Taylor department store stands next to empty parking lots at the King of Prussia Mall in Upper Merion Township, Pennsylvania on May 21 Tailored Brands, which filed for Chapter 11 Sunday in the Southern District of Texas, said it would continue to operate Men's Wearhouse and other stores it owns The company was already struggling with competition from fast-fashion brands and a shift to online shopping before the pandemic, and said in July it would reduce its corporate workforce by 20% and shut as many as 500 stores. Men's Wearhouse in New York is pictured on July 31 Tailored Brands, which filed for Chapter 11 Sunday in the Southern District of Texas, said it would continue to operate Men's Wearhouse and Jos.

History of this topic

America's oldest department store set to reclaim its retail legacy after abruptly shutting down all locations
3 weeks, 5 days ago
Retail bankruptcies in August: Here’s who filed and who might be next
4 years, 4 months ago
Retail rout gains pace, Lord & Taylor seeks bankruptcy
4 years, 5 months ago
Lord & Taylor files for bankruptcy; Men’s Wearhouse owner follows suit
4 years, 5 months ago

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