Lord & Taylor closing down. Another one bites the dust...

[90sSitcom]

Originally Posted by stormgal

This is what the quarantine did to me

Oh Lord help us all...We need the city open ASAP!

[GoHuskies]

Originally Posted by dee2364

In all fairness, this isn't totally his fault. The luxury demographic is shrinking overall because today's self-made millionaires and billionaires are from the lowest common denominator. They're not the older generation of people who grew up with old-fashioned notions of class and wealth. They're adult children like Mark Zuckerberg, Jack Dorsey and Elon Musk--30 and 40 year old men who dress like hobos and 18 year old college freshmen; childish bums like PewDiePie making millions off e-gaming and YouTube; and ghetto and trailer trash like Cardi B. the Logan Paul brothers. What are the odds that a Lord and Taylor can survive when this is who the rich now consist of?

Solid post.

Also worth noting department stores in general are not doing well unless they aim wide and cater to the price conscious consumer. Target being an example; groceries, household supplies, and apparel all under one affordable roof.

[Wells5]

Years ago before the wide availability of credit cards, big department stores had customer charge accounts with generous credit. You ran up charges and the store sent out monthly statements including interest. Now spendthrifts can run up big debt at various stores and internet merchants with multiple credit cards.

[Cida]

Originally Posted by stormgal

“ Founded in 1824 in New York, it was the oldest department store in America. Lord & Taylor said on Thursday that it will close and liquidate all of its 38 stores”

Damn, damn, damn. This is what happens when venerable businesses sell out