.America’s Oldest Department Store Is Closing All Its Stores After 200 Years See it below!
In 2020, amid the pandemic and societal upheavals, America’s oldest department store, Lord & Taylor, closed all 38 locations after nearly 200 years. Founded in 1824, it was a pioneer in luxury retail but succumbed to bankruptcy due to declining , in-store traffic and e-commerce dominance.The pandemic accelerated challenges already faced by traditional retailers. Iconic…