Lord & Taylor To Close Bridgewater Commons Mall Location

BRIDGEWATER, NJ — Lord & Taylor is closing all of its locations, including its Bridgewater Commons Mall site, with liquidation sales beginning Thursday.

The apparel company and its parent Le Tote Inc. filed for bankruptcy on Aug. 2 and later announced Thursday it will be closing its remaining 38 stores.

"While we are still entertaining various opportunities, we believe it is prudent to simultaneously put the remainder of the stores into liquidation to maximize value of inventory for the estate while pursuing options for the company's brands," Ed Kremer, Lord & Taylor's chief restructuring officer said in a statement.

A "Going Out Of Business Sale" begins Thursday with 20 to 40 percent off storewide items including clearance. All purchases are final.

Deep discounts plus departmental promotions will be effective throughout the sale process in store and online. Discounts apply to existing inventory, new store arrivals and on new categories not previously sold at these stores. The historic event will also feature the sale of in store fixtures, furniture, and equipment.

Lord & Taylor was the first department store established in the United States when it opened in 1826, according to CNN.

Lord & Taylor was one of the major retailers at the mall at 400 Commons Way in Bridgewater.

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