Lord & Taylor Files For Bankruptcy

Lord & Taylor, one of America’s oldest department stores, has joined a large and growing list of large chain stores filing for bankruptcy as casualties of the coronavirus pandemic. Tailored Brands, the parent company of two other nationwide chains Men’s Wearhouse and Jos. A. Banks, filed for bankruptcy as well.

Many of the companies that have gone under during the pandemic had already been struggling, but with the forced closure their stores in March, they have forced to file Chapter 11 bankruptcy.