Lord & Taylor Slates Five More Store Closures

Le Tote, Inc. and Lord & Taylor, which recently filed for Chapter 11, said they continue to review offers for a sale of the company and its brands. Meanwhile, the company added five more Lord & Taylor stores to the list of stores that are now participating in the store closing sale process led by a joint venture of Hilco Merchant Resources and Gordon Brothers.

These additional stores in Schaumburg, IL, Salem, NH, Rockaway, NJ, Livingston, NJ and Huntington Station, NY, along with the 19 previously announced stores already conducting store closing sales, feature an abundant assortment of merchandise at significant price reductions.

“Lord & Taylor customers will now save 20-40% off the lowest ticketed prices on all merchandise, with limited exceptions,” a spokesperson for the joint venture stated. “We encourage shoppers to visit their nearby location now and take advantage of these significant savings before it’s too late.”