Lord & Taylor
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| Subsidiary | |
| Industry | Retail |
| Founded | 1826 |
| Headquarters | New York, NY, United States |
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Number of locations
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50,+4 L&T outlets |
| Products | Clothing, footwear, jewelry, beauty products, fragrances, electronics, bedding and housewares |
| Owner | NRDC Equity Partners |
| Parent | Hudson's Bay Company |
| Subsidiaries | Find @ Lord & Taylor |
| Website | www |
Lord & Taylor is the oldest luxury department store in the United States, headquartered in New York City. It is a subsidiary of the oldest commercial corporation in North America, the Hudson's Bay Company.
Lord & Taylor consists of 50 "flagship" and "destination" locations, four L&T outlets, and the Lord & Taylor website which ships internationally.
Samuel Lord and George Washington Taylor founded the store in 1826 on Catherine Street in Manhattan selling hosiery, misses' wear, and cashmere shawls. By 1861, the store was located on Broadway at Grand Street, and in 1870 moved to a new cast-iron building at Broadway and 20th Street in the area known as the "Ladies' Mile". Their iconic Starrett & van Vleck Fifth Avenue store and headquarters opened between 38th and 39th streets on February 24, 1914. A founding member of Associated Dry Goods, Lord & Taylor was considered to be their "crown jewel". When the May Company acquired ADG in 1986, it was assumed that May bought them just for their luxury division. The Fifth Avenue store became a New York City Landmark in December 2007. Today Lord & Taylor has grown to 50 locations across the United States, each store has a distinctive contrast of classical and contemporary elements and are designed one of a kind.
In 1945, Dorothy Shaver became the first woman to head a major retail establishment in the United States as president of Lord & Taylor. As vice president working with the well-known design firm of Raymond Loewy Associates, she opened what is credited as the first ever branch store, in Manhasset, New York. Unlike earlier forays into the suburbs that consisted of smaller boutique-style shops, this was a merchandising effort that became the model for modern suburban shopping. The store consisted of 66 individual shops. Lord & Taylor's relationship with Raymond Loewy Associates continued until 1969, following the construction of the Stamford, Connecticut, store (designed by Loewy Vice President Andrew Geller).
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Wikipedia