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Last Gasp for Lord & Taylor, Closing All Stores in Liquidation

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America’s first department store has reached the end of the line, after 194 years in business. Lord & Taylor and its parent firm Le Tote filed for Chapter 11 bankruptcy court protection on Aug. 2, with a plan to liquidate 19 stores as it scoured the market for a buyer. Last week, the cash-strapped company bumped…

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