THE DEMISE OF FIFTH AVENUE

On Wednesday, Lord & Taylor closed its large, flagship store on Fifth Avenue for good. It’s obviously not the first iconic brand to shut down in New York City in recent months as there have been many (!), but this latest nail-in-the-coffin may be one of the more significant. After all, L&T has been a fixture on Fifth – the world’s most prestigious shopping street – for 104 years.

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