Lord & Taylor to close at Eastview Mall
Lord & Taylor, of one of the nation's oldest department store chains, has started liquidating 19 of its 38 stores.
The store in Victor's Eastview Mall is among the 19 stores to close, as are the stores at Walden Galleria near Buffalo and Destiny USA near Syracuse.
But department stores and apparel retailers with a heavy commitment to shopping malls were grappling with declining foot traffic long before the pandemic.
Since May, Ascena Retail Group, parent company of Justice, Ann Taylor and Lane Bryant, New York & Company's parent company RTW Retailwinds, Lucky Brand, J.C. Penney, Brooks Brothers, Sur La Table, Neiman Marcus, Tuesday Morning, Tailored Brands, GNC and J. Crew have all filed for Chapter 11.
Lord & Taylor, which was sold to the French rental clothing company Le Tote Inc. last year, said it was looking for a new owner.
Hilco Merchant Resources and Gordon Brothers are managing the store closing sales, which have begun at 19 locations. According to a news release, the "closing stores feature an abundant assortment of merchandise at significant price reductions" including brands DKNY, Nike, Ralph Lauren and Tommy Bahama.
As many as 25,000 stores could shutter this year as businesses continue to feel the impacts of the pandemic, according to a recent report from Coresight Research.
Because of the pandemic, most retailers are handling liquidation or going-out-of-business sales differently.
The following New York stores are among those being closed in the US (stores in nine other states are affected as well):
- Albany: Crossgates, 1 Crossgates Mall Road
- Bay Shore: Bay Shore Mall, 1701 Sunrise Highway
- Buffalo: Walden Galleria Store, 8 Walden Galleria
- Rochester (Victor): Eastview Mall, 7979 Victor-Pittsford Road
- Syracuse: Destiny USA, 9629 Destiny USA Drive
- Yonkers: Ridge Hill Village, 157 Market St.