Lord & Taylor
After being in operation for over 100 years, Lord & Taylor decided to shut down the flagship store last year. It is the one located on Fifth Avenue. Sadly, more stores are going to close shop this year. Lord & Taylor is planning to shut down 10 more locations in 2020, but they have yet to announce which ones.
Lord & Taylor
Kohl’s
Kohl’s wanted to avoid suffering the same things that other mall retailers did, which is why the company is going to close 4 stores located in or near malls this year. The company said that they were “lower-performing” stores and assured that the employees at those locations would get a severance package or a position at another shop. It looked like the closures were meant to be a preventive measure instead of a desperate need. The company plans to have the same number of shops by opening 4 smaller ones.
Kohl’s
