Lord & Taylor
With nine stores closing in 2019, things are not looking up for Lord & Taylor. The department stores, usually found in malls, are known for their Christmas time store windows. Now, they are hoping that partnering with Walmart will help sales.
The answer to the downfall of this brand is easy: cellphones. Smartphones now have built-in everything, including cameras. This brand has been bankrupt since 2012 and won’t recover any time soon with social media and digital files flourishing these days.