The venerable department store chain Lord & Taylor is declaring bankruptcy, citing the pandemic. Le Tote, which bought the retailer last year, also filed for Chapter 11 on Sunday. Lord & Taylor is the oldest department store in the nation, dating back to 1826, and has 38 locations nationwide. It joins a growing list of apparel retailers who were plunged into crisis by the coronavirus crisis, with Neiman Marcus, Brooks Brothers, and J.Crew also going bankrupt.
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