Lord & Taylor is kicking off store-closing sales. Here's where to find them.
- Lord & Taylor kicked off liquidation sales on Sunday at 19 stores in 10 states as it filed for bankruptcy.
- The department-store chain is preparing to initiate store-closing sales at all its remaining stores, while simultaneously looking for a buyer for some of its most profitable locations.
- If a buyer is found for one or more stores, the company will stop liquidation sales at those locations.
Lord & Taylor kicked off liquidation sales at 19 of its 38 stores on Sunday as it filed for chapter 11 bankruptcy protection.
The department-store chain and its parent company, Le Tote, hired two liquidators — Hilco Merchant Resources and Gordon Brothers — to conduct the closing sales, Hilco said in a news release.
Liquidation sales at the remaining stores could soon be underway, as well, according to court documents.
Chief Restructuring Officer Ed Kremer said in a court declaration that Lord & Taylor is hoping to sell some of its most profitable stores through an auction process.
If a buyer is found for one or more stores, the company will stop liquidation sales at those locations.
Without a buyer, however, all stores could liquidate.
"The Debtors are hopeful that there will be active bidding on their store assets at the Auction; however, they recognize it is unlikely that a retail buyer will purchase all of their 38 locations," Kremer said. "Accordingly, the Debtors intend to conduct the Store Closings for each of their locations at this time."
Here's the list of 19 stores where liquidation sales have begun:
- West Farms Mall, 400 West Farms Mall, Farmington, Connecticut
- 5065 Main St., Trumbull, Connecticut
- Danbury Fair Mall, 7 Backus Ave., Danbury, Connecticut
- Mizner Park, 200 Plaza Real, Boca Raton, Florida
- 1455 Lake Cook Rd., Northbrook, Illinois
- 11311 Rockville Pike, Kensington, Maryland
- Columbia Mall, 10300 Little Patuxent Parkway, Columbia, Maryland
- Prudential Center, 800 Boylston St., Boston, Massachusetts
- 1245 Worcester Road, Natick, Massachusetts
- 27650 Novi Rd., Novi, Michigan
- Willowbrook Mal, 4 Willowbrook Blvd, Wayne, New Jersey
- Bay Shore Mall, 1701 Sunrise Highway, Bay Shore, New York
- 8 Walden Galleria, Buffalo, New York
- 1 Crossgates Mall Road, Albany, New York
- 9629 Destiny USA Drive, Syracuse, New York
- Eastview Mall, 7979 Victor-Pittsford Road, Rochester, New York
- Ridge Hill Village, 157 Market St., Yonkers, New York
- 121 E City Ave., Bala Cynwyd, Pennsylvania
- Fair Oaks Mall, 117778 Fair Oaks Mall, Fairfax, Virginia