Lord & Taylor
While Lord & Taylor had been in operation for over a century, it made the call to shutter its flagship store. This is the one that used to be based on Fifth Avenue. It revealed plans to shutter over ten locations in 2020, but it did not announce the specific stores at the time. It has since gone fully digital.
Lord & Taylor
Kohl’s
What did Kohl do when it wanted to prevent the same problems faced by other mall retailers? Well, it closed four stores located near or inside malls. These were stores considered to be “lower-performing,” although the company promised that it sent severance packages or offered to transfer employees at those locations. From the look of things, this was more of a preventive measure and not an act of desperation. The plan was to keep the same number of stores by launching four small ones.
Kohl’s
