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Lord & Taylor

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Lord & Taylor, New York, New York, a division of May Department Stores. Federated Department Stores completed its acquisition of May on August 30, 2005. In 1916 Lord & Taylor (founded in 1826) was a founding member of the Associated Dry Goods Corp. organization (then American Dry Goods), becoming part of May Department Stores with its 1986 acquisition of Associated. Was a long-time fashion leader, especially after World War II, but lost that position in the 1980's and 1990's to Saks Fifth Avenue, Neiman Marcus and and the service-oriented Seattle upstart Nordstrom. In the 1970's aggressively expanded into Texas, Illinois and Michigan and in the early 1980's south Florida saw 11 stores opened in quick succession. Partially withdrew from the oil-shocked Texas and southern Florida markets in 1989-1990 after its acquisition by May. Once again entered expansion mode in the 1990's, opening stores as far west as Denver, with plans to enter the Las Vegas marketa. After continuing tepid results and repeated tinkering with its merchandising, May gave up its national ambitions for the division and announced the shuttering of 32 stores in 2003, many of them only a few years old, retreating to what it called its "core" East Coast Corridor markets along with locations in Chicago, Detroit, and St. Louis. Since 1995 has occupied the former John Wanamaker landmark store in downtown Philadelphia.

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