In a year marked by the untimely death of NBA star Kobe Bryant, the outbreak of the coronavirus pandemic, and the civil unrest following the murder of George Floyd, 2020 proved to be a tumultuous one for the United States. As the economy struggled to cope with the pandemic’s impact, traditional retailers faced a daunting challenge as consumers increasingly turned to online shopping platforms like Amazon. Among these retailers is Lord & Taylor, America’s oldest department store chain, which is now preparing to close all of its stores after nearly two centuries in business.
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