Lord & Taylor
For more than a hundred years of operation, Lord & Taylor shut down the flagship store on Fifth Avenue last year. Regrettably, more stores are expected to shutter this year. Lord & Taylor will move up to 10 more stores in 2020, but they are yet to announce which stores are to be closing down.
Foot Locker
Foot Locker Inc. announced the closing of 167 of its stores in March. It will invest aggressively in its remaining locations, saving millions on the operation. The change is an effort to increase the income margin. Shareholders of the shoe company were delighted by its strong results in the fourth quarter of last year.