Business & Tech
Bala Cynwyd Lord & Taylor Closing Amid Bankruptcy Filing
The store's parent company recently filed for chapter 11 bankruptcy which will lead to the City Avenue store closing.
BALA CYNWYD, PA — The parent company of Lord & Taylor recently announced numerous stores will be closing amid a Chapter 11 bankruptcy filing. Among the stores that will be closed is the Bala Cynwyd location.
Le Tote, Inc., the chain's parent company, announced on Aug. 2 that it filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Virginia.
Lord & Taylor is the latest in big-chain companies to file for bankruptcy amid the coronavirus pandemic, which also includes Men's Wearhouse and Jos. A. Bank.
Find out what's happening in Narberth-Bala Cynwydfor free with the latest updates from Patch.
The store closing process for Lord & Taylor has already begun at the 19 locations, including at the Bala Cynwyd location at 121 E. City Ave.
The business began hosting a store closing sale following the announcement this month. An exact closing date has not yet been announced.
Find out what's happening in Narberth-Bala Cynwydfor free with the latest updates from Patch.
Eighteen other stores in states such as New York, Maryland, and New Jersey are also closing amid the filing.
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