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Upscale department-store chain Lord & Taylor and its owner, clothing rental startup Le Tote Inc., have filed for Chapter 11 bankruptcy protection. The filing Sunday in U.S. Bankruptcy Court in Richmond, Va., came less than a year after Le Tote bought the chain from Hudson's Bay Co. in a $100 million deal. Lord & Taylor has 38 locations in the U.S., according to the filing, and about 650 employees. Some of the stores, which have been closed since March due to the pandemic, reportedly had new "store closing" signs put up Sunday. Department stores have been particularly hard hit by the pandemic, and...

It seems that every day brings a breaking news story regarding the retail industry. The same is true for the entire world as it winds its way through the current health and economic crises. But it still came as a surprise when shoppers showed up at many Lord & Taylor locations late Sunday morning and found “Store Closing Signs” posted in the windows. The liquidation shouldn’t come as a complete surprise. The retailer has been battered by heavy debt, cash flow issues, and COVID-19 store closures. Its current owner, the clothing rental firm, Le Tote, purchased Lord & Taylor last...

As part of its plans to deliver luxury fashion, United States retail giant Walmart is to launch a dedicated online Lord & Taylor flagship store next year, offering premium fashion brands to its customers. The initiative announced Monday will start next spring. "Our goal is to create a premium fashion destination on Walmart.com", said the Head of Fashion for Walmart's U.S. E-commerce Division Denise Incandela in a statement to NBC. "We see customers on our site searching for higher-end items, and we are expanding our business online to focus on adding specialized and premium shopping experiences, starting with fashion", Incandela...

Below find a list of the major department stores across the country and where they stand on using Christmas in their holiday advertising and other promotions. JCPenney: "Christmas" mentioned in print ads & other advertising Federated Department Stores (Macy's, Bloomingdale's, Lord & Taylor, Filene's, Marshall Fields): "Christmas" mentioned in print ads & other advertising Employees are free to use any holiday greeting that they feel is appropriate Dillard's: "Christmas" mentioned in print ads & other advertising FAO Schwarz: Using "Holiday" this year in advertising materials Employees are free to use any holiday greeting that they feel is appropriate Toys 'R'...