After 104 years in business, New York is losing a precious, historic landmark on Fifth Avenue. This past June, we reported that Lord & Taylor is closing its doors due to the department store’s “increasing focus on its digital opportunity and commitment to improving profitability,” according to the owner of Hudson’s Bay Company.
Originally, the flagship released a statement that it would downsize to 150,000 square feet, but now the oldest department store company in the country will completely vanish. The building will be transformed into a WeWork space in 2019. This is sad news for any New Yorker who enjoyed shopping at the landmark, which always boasted a lovely holiday window display.
The only piece of good news we can offer is that starting this Thursday, the brand’s New York flagship begins its store closing sale which includes major discounts on apparel and accessories. This will last throughout the end of the year, so now you know where to shop for holiday gifts.
Speaking of the Christmas season, the New York Post says that this year, Lord & Taylor’s iconic holiday window display will be cut down to just two decorated windows. As for the theme, it’s all about giving thanks to the city for 104 glorious years of your patronage.