The retailer was sold just a year ago for $US100 million to Le Tote, a San Francisco online clothing rental company, by Canadian parent Hudson's Bay Co.Lord & Taylor will permanently close its remaining 38 stores and shut down its website, the company said. It is currently holding going out of business sales in stores and online.
"While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximise value of inventory for the estate while pursuing options for the company's brands," Ed Kremer, Lord & Taylor's chief restructuring officer said in a statement.Founded as a dry goods store in 1826, Lord & Taylor has struggled for years as more people shop online and in other stores.
Since COVID-19 began to spread in the US, several clothing sellers have gone bankrupt, including Brooks Brothers, Neiman Marcus and JC Penney.
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Industry says economy needs tax-cut cash cash nowThe Australian Industry Group wants Treasurer Josh Frydenberg to bring forward tax cuts for workers and businesses in the October 6 budget. tax cuts followed by raising GST to 20% like in UK 정해진 때가 이르면 하나님 앞에 서게 됩니다. 하나님은 거룩하십니다. 우리도 거룩함으로 준비해야 합니다. 회개하십시오. 거룩하십시오. 메시아께서 오십니다. 회개와거룩함사역회 TheMegaService Tax cuts for businesses with no turnover. Smart move
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