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The Latest Breaking News from Lord Taylor

Saks Bankruptcy Sparks Fears Macy's and Other Department Stores Could Be Heading the Same Way

Saks' bankruptcy raises alarm as Macy's and other department stores face closures, empty malls, and declining in-store shoppers.

International Business Times UK

Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

Fortune

7 Department Store Chains That Went Online and Never Came Back

Not long ago, department stores were the backbone of American shopping—one-stop destinations where you could grab clothes, furniture, cosmetics, and even a slice of pizza at the food court. But as online shopping exploded and foot traffic declined, many iconic chains struggled to stay relevant. Some attempted to pivot by…

Grocery Coupon Guide

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10 Retail Chains No Longer Catering to Middle-Class Shoppers

The American middle class has long been the backbone of retail, shaping trends and driving the success of countless stores. But in recent years, a noticeable shift has taken place. Many retail chains that once thrived by serving middle-class shoppers are now pivoting their strategies, focusing on either luxury buyers…

Grocery Coupon Guide

Cursive logos are back as Lord & Taylor resurrects its legacy brand

The Helvetica design was a "betrayal of the brand", new owners say.

Creative Bloq

The Wanamaker organ has been part of a treasured holiday tradition in Philly for over 100 years − a historian explains its illustrious past and uncertain future

After Macy’s announced in November 2023 its plans to close approximately 150 locations across the United States, some Philadelphians fretted – not so much about the fate of the Center City department store, but about a local treasure housed inside.

The Conversation

Why investors wish every department store was like Dillard’s

It’s almost unknown outside the South, but Dillard’s has thrived where Macy’s, Nordstrom, and Kohl’s have stumbled.

Fortune

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Westfield Old Orchard owner finds retailers to fill old department store

Home furnishings store Arhaus and fashion brand Zara are expected to open in the former Lord & Taylor spot at the Skokie mall in 2024.

Chicago Sun-Times

Why Hudson’s Bay Company’s Future Is in Question

HBC saw its start during London’s bubonic plague and might see its end in the aftermath of COVID-19’s retail devastation

The Walrus

Bloomingdale’s to close Old Orchard store

The company plans to open a smaller format, called Bloomie’s, in the upscale Skokie mall.

People

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