Lord & Taylor

3 Stories

'Nation's First Department Store' Files for Bankruptcy

Lord & Taylor files for Chapter 11

(Newser) - Another big retail name is going under amid the coronavirus pandemic: Lord & Taylor filed for Chapter 11 bankruptcy protection Sunday. However, as the New York Times reports, the department store chain had been struggling even before COVID-19. Clothing rental start-up Le Tote bought Lord & Taylor last year, and...

Data Breach Compromised Luxury Chains 'for Entire Year'

Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor were affected

(Newser) - A data breach at department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor has compromised the personal information of customers who shopped at the stores, per the AP . The chains' parent company, Canada-based Hudson's Bay Co., announced the breach of its store payment systems on...

Retailers Bully Shoplifters for $$
Retailers Bully Shoplifters for $$

Retailers Bully Shoplifters for $$

'Civil recovery' systems using threat of legal action to extort funds

(Newser) - A system designed to compensate retailers for losses incurred by shoplifters has few controls to prevent the extortion or harassment, the Wall Street Journal reports. “Civil recovery” laws allow retailers to turn the names of suspected shoplifters over to collection agencies who demand fees of $200 or much more—...

3 Stories
Popular on Newser
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.