Hudson’s Bay to Shutter Iconic Lord & Taylor Fifth Avenue Store in New York City

By Anna Breuer on 5 June 2018
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Shoppers admiring L&T's holiday windows

Shoppers admiring L&T’s holiday windows

The Hudson’s Bay Co. said Tuesday it will close multiple stores including the iconic Lord & Taylor flagship store on Fifth Avenue in Manhattan.

The Starrett & van Vleck-designed Fifth Avenue store opened its doors on February 24, 1914 and has been an attraction for locals and tourists alike, especially during the holiday season when Lord & Taylor unveils its whimsical holiday window displays.

The news comes as the retailer has continued to suffer significant declines in sales across most of its units. Only Saks Fifth Avenue reported an increase.

HBC is in the process of selling the Lord & Taylor building on Fifth Avenue to WeWork and had previously announced plans to maintain a smaller presence there. The store will close by the end of 2019 and HBC plans to focus on Lord & Taylor’s online business.

The company also announced the sale of its Gilt Groupe unit to competitor Rue La La.

Last week, HBC announced a partnership between Walmart’s online unit and Lord & Taylor, giving the storied retailer a presence on walmart.com.

(Photo: Accura Media Group)

Accura News

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