Lord & Taylor to Liquidate Stores

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Reuters reports that Lord & Taylor “plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge.”

Back in 2017 Lord & Taylor was awarded $31 million in a breach of contract lawsuit against Lerner Enterprises and Tower MD Holdings, who are the majority owners of the White Flint mall property.

White Flint was demolished in 2016 and Lord & Taylor, shown in our featured photo, has stood alone on the 45 acre property since then.

This could allow for the redevelopment of the area that used to be home to White Flint Mall.

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