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16 July 2018

Department store apocalypse is taking its toll on NYC

The shutdown is one of up to 10 Lord & Taylor closures of a total 50 stores planned by chain owner, Hudson’s Bay Company. It comes amidst a nationwide department store apocalypse. Hudson’s Bay, which owns 488 stores including Saks Fifth Avenue, is battling high debt, declining sales and falling stock prices.



Posted by Staff Writer at 08:18 AM
News: Fashion, Beauty and Retail , Shopping like a Pro |

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