Lord & Taylor
Lord & Taylor chose to close the flagship shop last year after more than a century of existence. It is the Fifth Avenue location. Unfortunately, more stores will close their doors this year. Lord & Taylor intends to close ten more stores in 2020, but has yet to specify which ones.
Lord & Taylor
Kohl’s
Kohl’s sought to avoid the same problems as other mall retailers encountered, therefore the business would close four stores in or near malls this year. The corporation stated that they were “lower-performing” locations and told employees that they would receive a severance package or a position at another location. The closures appeared to be a precautionary measure rather than a desperate requirement. The corporation intends to maintain the same number of stores by opening four smaller ones.
Kohl’s
