Lord & Taylor, America's oldest department store, files for bankruptcy
Aug. 03, 2020 12:19AM ESTLord & Taylor filed for Chapter 11 protection in Richmond, Virginia, on Sunday, Bloomberg first reported.
Why it matters: The 194-year-old luxury department store chain is the oldest in the United States. It's the latest retailer to declare bankruptcy during the coronavirus pandemic.
Go deeper: The impending retail apocalypse
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