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Like the pandemic continues toRaised ravages about companiesAnd online purchases become the default value on the hard shopping experience, many stores are forced to close their doors. Even before the COVID crisis, many popular department stores had begun to lose their luster and struggles are just worse. August 27, one of the mostdepartment storesLord & Taylor published a statement that they will come out of the business and the deposit of the bankruptcy of Chapter 11.

This announcement comes only one week after the company said they would beKeep 14 open pitches, according to CNN. The company has had challenges for a while. Back in 2019, Lord & Taylor was sold at the tote in an effort to invigorate the brand, but that was not enough to keep the company afloat. In addition, in May of this year,Lord & Taylor Let yourself go from all their executive team, according toThe New York Times.

In 2019, Pre-Covid,Lord & Taylor closed their flagship store, as thePost of New York reported. The New York City Store, which occupied a large part of the real estate on the fifth avenue for 104 years would have been closed because the company had seen in-person sales, make a successful purchases success. Now, the combination of Covid and a major change of shopping habits forced the company to pull the cap on the last of their 38 stores.

The main restructuring leader of Lord & Taylor,Ed Kremer, retains a positive perspective on the future of the stores of the brand without. "Although we still entertain various opportunities, we believe that it is prudent to simultaneously put the rest of the stores in the liquidation to maximize the value of stocks for the domain while pursuing options for the marks of the company"Kremer said in a statement. The fans of the store should consult the selling from the companies before the last of the dried inventory. The company's statement claims that the sale will include important discounts on items both in store and online.

Unfortunately, Lord & Taylor is not the only store that did not stole business recently. Here are four other stores that had to close their doors.

On May 19, the original articles retailer announced that theydeposited for bankruptcy and start the closing process of all their stores, according to a statement. And to make sure that you shop safely, discoverThe worst thing n ° 1 that you can do during your purchases right now.

Neiman Marcus was the first department store to deposit forChapter 11 Bankruptcy In May, according to the NPR. Business Insider Neiman Marcus ReportsClosed 22 stores since their bankruptcy deposit. And for shops with new guidelines to follow,You can not buy in these popular stores without face mask.

In September 2019, before the success of COVID,Forever 21 filed for bankruptcyAccording to the business initiate, and then closed hundreds of shops across the country.

The popularbig store Announced that it would closure of 19 locations, a fraction of its 116 stores in total, according to the business initiate. The company currently keeps all its reserves of intact Nordstrom rack. And for more information up to date,Sign up for our daily newsletter.