All 38 Lord & Taylor stores slated to close; see full list - syracuse.com

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Syracuse, N.Y. — Lord & Taylor says it plans to close all 38 of its stores but hopes to sell the best performing ones if it can find buyers for them.

The department store chain’s owner, Le Tote, filed for bankruptcy protection under Chapter 11 of U.S. Bankruptcy Code on Sunday. In its filing, the company disclosed that it has hired two liquidation specialists, Hilco Merchants Resources and Gordan Brothers Retail Partners, to hold closing sales at all 38 of its stores. (See full list below.)

At the same time, Le Tote said it will put all the company’s assets up for auction in hopes that a buyer can be found for some of its most profitable stores. The company said it is unlikely a retail buyer will purchase all its stores.

Store closing signs went up at many of the company’s stores Monday morning, including the one at Syracuse’s Destiny USA, the largest mall in New York and sixth largest in the nation.

Founded in 1826, Lord & Taylor is the oldest department store chain in the country. But Le Tote said the chain for the past several years has faced a “challenging commercial environment brought on by adverse macro-trends, including increased competition among both online retailers and established brick-and-mortar retailers” with less debt and greater economies of scale. It’s also been hurt by the consumer shift away from shopping at brick-and-mortar stores, the company said.

“These factors have been greatly compounded by the devastating impact of the COVID-19 pandemic that has caused retailers throughout the country to close their doors,” the company said.

The chain has slowly begun to reopen its stores as states and local jurisdictions have begun to relax stay-at-home orders.

“Nevertheless, foot traffic has declined significantly compared to pre-COVID levels,” the retailer said. “Given the expenses associated with a substantial brick-and-mortar presence, and the issues affecting the retail industry and the nation as a whole, a significant number of the debtors’ stores are operating at sub-optimal performance levels.”

Here is the complete list of Lord & Taylor stores slated for closing:

Connecticut:

• Danbury Fair Mall, 7 Backus Ave., Danbury, Connecticut
• Trumbull, 5065 Main St., Trumbull, Connecticut
• Westfarms Mall, 400 West Farms Mall, Farmington, Connecticut
• Freestanding store, 110 High Ridge Road, Stamford, Connecticut

Florida:

• Mizner Park, 200 Plaza Real Boca Raton, Florida

Illinois:

• Northbrook Court, 1455 Lake Cook Road, Northbrook, Illinois
• Woodfield Mall, #4 Woodfield Mall, Schaumburg, Illinois

Maryland:

• The Mall in Columbia, 10300 Little Patuxent Parkway, Columbia, Maryland
• White Flint Mall, 11311 Rockville Pike, Kensington, Maryland

Massachusetts:

• Burlington Mall, 1320 Burlington Mall Road, Burlington, Massachusetts
• Natick Mall, 1245 Worcester Road Natick, Massachusetts
• Prudential Center, 760 Boylston Street, Boston, Massachusetts
• South Shore Plaza, 250 Granite St., Braintree, Massachusetts

Michigan:

• Twelve Oaks Mall, 27650 Novi Road, Novi, Michigan

New Hampshire:

• Rockingham Mall, Rockingham Park Boulevard, Salem, New Hampshire

New Jersey:

• Bridgewater Commons, 400 Commons Way, Bridgewater, New Jersey
• Fashion Center Route, Route 17 & Ridgewood Avenue, Paramus, New Jersey
• Freehold Raceway Mall, 3710 Highway 9, Suite 1500, Freehold, New Jersey
• Garden State Plaza, 504 Garden State Plaza, Paramus, New Jersey
• Livingston Mall, 111 Eisenhower Parkway, Livingston, New Jersey
• Quakerbridge Mall, Route 1 & Quakerbridge Road, Lawrenceville, New Jersey
• Rockaway Town Square, Rt. 80 & Mt. Hope Road, Rockaway, New Jersey
• Willowbrook Mall, 4 Willowbrook Blvd., Wayne, New Jersey
• Freestanding store, 609 North Ave., Westfield, New Jersey

New York:

• Eastview Mall, 7979 Pittsford Victor Road, Rochester, New York
• Destiny USA, 9629 Destiny USA Drive, Syracuse, New York
• Crossgates Mall 1, Crossgates Mall Road, Albany, New York
• Ridge Hill, 157 Market Street, Yonkers, New York
• South Shore Mall, 1701 Sunrise Highway, Bay Shore, New York
• Walden Galleria, 8 Walden Galleria, Cheektowaga, New York
• Walt Whitman, 158 Walt Whitman Road, Huntington Station, New York
• Freestanding store, 1200 Franklin Ave., Garden City, New York
• Freestanding store, 1440 Northern Blvd., Manhasset, New York
• Freestanding store, 750 White Plains Road, Scarsdale, New York

Pennsylvania:

• Bala Cynwyd, City Line & Belmont Avenue, Cynwyd, Pennsylvania
• King of Prussia Plaza, 180 North Gulph Road King of Prussia, Pennsylvania

Virginia:

• Fair Oaks Mall, 11900-L Fair Oaks Mall, Fairfax, Virginia

Washington, D.C.:

• Freestanding store, 5255 Western Ave. N.W., Washington D.C.

Rick Moriarty covers business news and consumer issues. Got a tip, comment or story idea? Contact him anytime: Email | Twitter | Facebook | 315-470-3148

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