Samuel Lord and George Washington Taylor opened their initial dry goods store in April 1826, located at 47 Catherine Street in Lower Manhattan.
Founded as a dry goods store in 1826, the company expanded to become one of the most prominent retailers in the country and an arbiter of high style.
The year 1845 brought a change in partnership.
Lord s estate sold the site on Grand Street in 1901.
By the time it opened its location at Fifth Avenue and West 38th Street in 1914, Lord Taylor was already billed as America s Oldest Store.
She joined the store s comparison shopping bureau in 1924 and worked her way up the ranks until she became the industry s first female executive.
Shaver passed away in 1959.
Whether it was May Co., Hudson s Bay or Le Tote, its owners since 1986 have consistently tried to make the retailer something it wasn t or just didn t try at all.
In 1986 May Department Stores Co. bought ADG and immediately began to expand Lord Taylor, eventually taking it up to 76 units from its far more modest base.
When May Department Stores purchased Lord Taylor in 1986, it embarked on an aggressive expansion program that took the retailer to distant markets and midsize communities.
When May Co. was bought by Federated in 2005 its new owners were smart enough to realize there was no place in the Macy s M Bloomingdales structure for it.
HBC, Lord Taylor s owner since 2012, seemed unable to define and properly market the Lord Taylor brand and preferred to concentrate its energy on its Saks Fifth Avenue division.
The Eastchester store became the de facto flagship after Lord Taylor s former owner, Canada s Hudson s Bay Company, officially closed the legendary Fifth Avenue flagship on January 2, 2019.
The subscription clothing company Le Tote acquired the company in 2019.
WeWork purchased the building to use as office space in 2019.
Saadia Group, LLC purchased Lord Taylor in October of 2020 for 12 million and planned to only move to online business.
Eventually, they did have to file bankruptcy and in 2021 finally succeeded in closing all of the Lord Taylor branches.
|Company Name||Founded Date||Revenue||Employee Size|
Saks Fifth Avenue1924
Neiman Marcus Group1907