Following bankruptcy, mall Lord & Taylor to close

TIM JEAN/Staff photo The Lord and Taylor store at The Mall at Rockingham Park in Salem, NH., is closing. 8/27/20

SALEM, N.H. — Salem’s Lord & Taylor is closing.

“We are having a store closing sale,” the store said on its webpage for the Mall at Rockingham Park.

Earlier this month Lord & Taylor filed for bankruptcy. The retail chain had been hit hard by the pandemic, which shuttered stores across the country.

The Mall at Rockingham Park was shuttered from the end of March until May 11. Lord & Taylor did not re-open until shortly after the mall as a whole reopened.

The company announced Thursday that all of its 38 remaining stores and website have begun liquidation sales — a reversal from last week’s decision to keep 14 locations open.

“While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inventory for the estate while pursuing options for the company’s brands,” Ed Kremer, Lord & Taylor’s chief restructuring officer said in a statement.

Calls to the mall’s spokesperson for comment were not immediately returned.

According to the Salem store’s website, it is no longer accepting returns.

“Additionally, starting (Aug. 31), we will not accept online returns at this location. Any items purchased at this location during our store closing sale are final sale. We can no longer honor coupons, mall certificates, Lord & Taylor Reward/Award Cards or prices offered at other Lord & Taylor locations.”

Lord & Taylor announced 19 other stores closing as well, including two in Massachusetts — the location at the Prudential Center in Boston and the location at the Natick Mall.

Material from wire reports was used in this story.

 

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