sharesplosion.com Open in urlscan Pro
34.75.43.192  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to Content

 * About Sharesplosion
 * US News
 * World News
 * Instagram
 * DIY
 * Food Hacks
 * Politics




AFTER 200 YEARS AMERICAS OLDEST DEPARTMENT STORE IS CLOSING ITS DOORS

Posted 2 months ago by Ben Turner


Share on Facebook


Anybody with eyes knows that 2020 was a crazy year that brought instability for
so many. The economic crisis precipitated by the coronavirus pandemic tore
through so many lives and businesses, causing pain, heartache, and headaches.
Few sectors of the economy suffered from the downturn like the brick-and-mortar
retail industry. In the midst of the pandemic, many consumers turned to online
retailers like Amazon to supply all of their retail needs. This left stores that
relied on physical locations helpless as many areas set strict limits on which
businesses could open and how many people they could serve at a time. Many
people were afraid even to go outside, and businesses suffered as a result.



Lord & Taylor was America’s oldest department store. They had been in business
for almost 200 years, but they recently announced the closing of every single
one of their American locations. The company had been sold to a French Company
the previous year and had since filed for Chapter 11 bankruptcy. Initially, they
planned to keep open fourteen stores in the US. This decision was reversed and
now the company is going entirely out of business in America. Lord & Taylor
first opened its doors in Manhattan in 1824 as a dry goods store. From this one
location in New York, Lord & Taylor spread all across America with a great
number of physical locations. The brand had been sold to the French clothing
company Le Tote the previous year before the pandemic hit. Both brands filed for
bankruptcy in Virginia in 2020. Le Tote’s chief restructuring officer, Ed
Kremer, stated that he found liquidating all of the brand’s physical locations
to be the most prudent measure for succeeding with the brand going forward. It
is unclear what exactly the future of Lord & Taylor will be.





There are many companies that are going the way of Lord & Taylor here in the age
of the coronavirus pandemic. Brick and mortar locations had already been
struggling in recent years. Online retailers like Amazon had been gobbling up
market shares of the retail sector at an impressive rate prior to the pandemic,
but a combination of public fears and government policies served to accelerate
business trends that had already been a decade in the making. Now, Lord &
Taylor’s closing might be a herald of things to come for every company that
relies on brick and mortar locations. Most people already prefer to shop for
clothes online. On Amazon, you can find almost anything you want, and for cheap.
No more traveling to a dozen stores to find the best prices. This might be great
for consumers, but it presents a great number of challenges for traditional
retailers. That’s why many companies are rushing as fast as they can to develop
online stores that can help them compete in the new age of internet retail.
Whether the strategy is successful remains to be seen, but one thing is certain.
After the internet and coronavirus, the retail world will never be the same.

Immo Helden

Experten raten zu diesem Trick: Tausende Hausbesitzer sind begeistertImmo
Helden|
SponsoredSponsored


Undo

Nutravia

Därme: Ein einfacher Trick, um sie vollständig zu entleerenNutravia|
SponsoredSponsored


Undo
Elvenar - Free Online Game

Wenn du gerne spielst, ist dieses Fantasiespiel ein Muss. Kein Install.Elvenar -
Free Online Game|
SponsoredSponsored
Jetzt spielen


Undo

Brillen.de

Testseher zahlen für 2 Gleitsichtbrillen mit XXL-Sehbereichen nur 129€ und
sparen 70%!Brillen.de|
SponsoredSponsored


Undo

GEERS - Gutes Hören

Gunzenhausen: GEERS sucht 1000 Testhörer vor 1971 geborenGEERS - Gutes Hören|
SponsoredSponsored


Undo
Forge Of Empires
Advertisement


Wenn du gerne spielst, ist dieses Städteaufbauspiel ein Muss. Kein Install.Forge
Of Empires|
SponsoredSponsored
Jetzt spielen


Undo





Article Categories:
US News





RECENT POSTS


 * BOSOM BUDDIES STAR PETER SCOLARI HAS DIED OF CANCER
   
   Ben Turner
   Oct 22, 2021
   0
   
   
   


 * BRIAN LAUNDRIE CONFIRMED DECEASED BY FBI
   
   Ben Turner
   Oct 21, 2021
   0
   
   


 * GEORGE SEGAL HAS PASSED AWAY AT AGE 87 AFTER HAVING SURGERY
   
   Ben Turner
   Oct 21, 2021
   0
   
   


 * SALMONELLA OUTBREAK IN 37 STATES LINKED TO ONIONS IMPORTED FROM MEXICO
   
   Ben Turner
   Oct 21, 2021
   0
   
   


 * ACTRESS CLORIS LEACHMAN HAS PASSED AWAY
   
   Ben Turner
   Oct 21, 2021
   0
   
   


RELATED POSTS





POPULAR POSTS




 * NEW STATE SAYS IT WILL GIVE ILLEGALS DRIVERS LICENSES
   
   Stanley Morris
   Aug 6, 2020
   1
   
   
   


 * BOSOM BUDDIES STAR PETER SCOLARI HAS DIED OF CANCER
   
   Ben Turner
   Oct 22, 2021
   0
   
   
   


Previous Article



WHAT DONALD TRUMP LEFT BIDEN IN THE OVAL OFFICE

Next Article



SHOPPERS FURIOUS WHEN THEY LEARN THE DIFFERENCE BETWEEN THESE BOTTLES









by Taboolaby Taboola
Sponsored LinksSponsored Links
Promoted LinksPromoted Links
From The Web
Immo Helden

Experten raten zu diesem Trick: Tausende Hausbesitzer sind begeistertImmo Helden


Undo
Brillen.de

Testseher zahlen für 2 Gleitsichtbrillen mit XXL-Sehbereichen nur 129€ und
sparen 70%!Brillen.de


Undo
Nutravia

Därme: Ein einfacher Trick, um sie vollständig zu entleerenNutravia


Undo
Elvenar - Free Online Game

Wenn du gerne spielst, ist dieses Fantasiespiel ein Muss. Kein Install.Elvenar -
Free Online GameJetzt spielen


Undo





Copyright © 2021 -sharesplosion.com



 * Terms Of Service
 * Privacy Policy
 * About Sharesplosion
 * Contact Us




SHARESPLOSION

 * About Sharesplosion
 * US News
 * World News
 * Instagram
 * DIY
 * Food Hacks
 * Politics

× Close Panel
 * About Sharesplosion
 * US News
 * World News
 * Instagram
 * DIY
 * Food Hacks
 * Politics


More stories to check out before you go


Keep on reading


Chelsea Finally Admitted What Everyone Was Suspecting This Whole TimeChelsea
Finally Admitted What Everyone Was Suspecting This Whole Time - Sharesplosion |
Viral News StoriesSharesplosion
Group 3


Undo

Warning To Those Over 55 Who Take IbuprofenWarning To Those Over 55 Who Take
Ibuprofen - Sharesplosion | Viral News StoriesSharesplosion
Group 3


Undo

Florida Mom Lets “Porch Pirates” Steal Her GarbageFlorida Mom Lets "Porch
Pirates" Steal Her Garbage - Sharesplosion | Viral News StoriesSharesplosion
Group 3


Undo

She Looks Like A Normal Mom But When She Stands Up People Can’t Stop Starring At
Her LegsShe Looks Like A Normal Mom But When She Stands Up People Can't Stop
Starring At Her Legs - Sharesplosion | Viral News StoriesSharesplosion
Group 3


Undo

' ' '
' ' '


Workout Blooper Leavers Her Red In The FaceWorkout Blooper Leavers Her Red In
The Face - Sharesplosion | Viral News StoriesSharesplosion


Undo


Her Love Of Travel and Fashion Led To An Amazing CareerHer Love Of Travel and
Fashion Led To An Amazing Career - Sharesplosion | Viral News
StoriesSharesplosion


Undo

Experts Say Don’t Sleep With A Fan On In Your RoomExperts Say Don't Sleep With A
Fan On In Your Room - Sharesplosion | Viral News StoriesSharesplosion


Undo

Her Talent Holds No BoundsHer Talent Holds No Bounds - Sharesplosion | Viral
News StoriesSharesplosion


Undo

Immo Helden

Experten raten zu diesem Trick: Tausende Hausbesitzer sind begeistertImmo
Helden|
SponsoredSponsored


Undo
Brillen.de

Testseher zahlen für 2 Gleitsichtbrillen mit XXL-Sehbereichen nur 129€ und
sparen 70%!Brillen.de|
SponsoredSponsored


Undo


She Just Started Revealing Secrets to Her FansSharesplosion


Undo

Michelle Obama In Big Trouble After This Video Goes PublicSharesplosion


Undo

Nutravia

Därme: Ein einfacher Trick, um sie vollständig zu entleerenNutravia|
SponsoredSponsored


Undo
Elvenar - Free Online Game

Wenn du gerne spielst, ist dieses Fantasiespiel ein Muss. Kein Install.Elvenar -
Free Online Game|
SponsoredSponsored
Jetzt spielen


Undo


Who Reba Mcentires Ex-Husband Is Dating Now Will Make You Sick!Who Reba
Mcentires Ex-Husband Is Dating Now Will Make You Sick! - Sharesplosion | Viral
News StoriesSharesplosion


Undo

People Want Joy Behar Fired After Homophobic Joke On AirPeople Want Joy Behar
Fired After Homophobic Joke On Air - Sharesplosion | Viral News
StoriesSharesplosion


Undo





Chelsea Finally Admitted What Everyone Was Suspecting This Whole Time
Read Next Story
Immo Helden

Experten raten zu diesem Trick: Tausende Hausbesitzer sind begeistertImmo
Helden|
SponsoredSponsored
Read Next Story
Brillen.de

Testseher zahlen für 2 Gleitsichtbrillen mit XXL-Sehbereichen nur 129€ und
sparen 70%!Brillen.de|
SponsoredSponsored
Read Next Story


Ad