Lord & Taylor Flagship Counting Down Hours to Closure
After 104 years, the countdown is on for the last hours of Lord & Taylor’s flagship store on Fifth Avenue.
The venerable department store famed for its animated seasonal windows is shutting down Wednesday after a blowout sale that has left whole floors empty. Surviving floors still offer an assembly line of racks stuffed with clothes all going for $5.99 that once sold for as much as $100.
The 11-story building has been sold to the We Work space-leasing company for more than $850 million.
Forty-five other, smaller Lord & Taylor stores remain open, mostly on the East Coast. In addition, Lord & Taylor-branded merchandise is being sold online through the Walmart website.
The brand is owned by Canadian corporate giant Hudson’s Bay Company.
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