Lord & Taylor prepares to liquidate all its stores: report - Business Insider

The company has selected liquidators to operate its going-out-of-business sales and is preparing to permanently close its stores following those sales, according to the report.

The nearly 200-year-old department store chain has closed all 38 of its stores due to coronavirus restrictions. A spokesperson for Lord & Taylor parent company Le Tote told Business Insider, "The company is working through various options at this time and is declining to comment."Additional financing or some other intervention could enable the company to avoid liquidation, Reuters' sources said.

They're lovely stores, but overpriced.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce releases new tools to help organizations reopen safely - Business InsiderSalesforce COO Bret Taylor said business and government leaders lack the tools to be able to reopen while maintaining employee safety.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Travel Industry Automates Pandemic Response With New Digital ToolsTechnology firms are using digital tools designed for other enterprise applications to help the travel industry reassure wary airline passengers and hotel guests as it prepares for a return to business. Stay home. Man, the world is getting creepier, fast.
Source: WSJ - 🏆 98. / 63 Read more »