Lord and Taylor store sign (Getty Image: Laura Kalcheff / Contributor)NEW YORK - Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos.
A. Bank, lengthening the list of major retail chains that have faltered in the pandemic.Household names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical reformation in what people buy, and where they buy it.
Much of that activity has moved online.Thousands of store closures forced by the arrival of COVID-19 has proved too much.Iconic Lord & Taylor flagship store closes foreverLord & Taylor, which began as a Manhattan dry goods store in 1824, was sold to the French rental clothing company Le Tote.