Lord & Taylor
After spending over a century in operations, Lord & Taylor shuttered the flagship store on Fifth Avenue last year. Unfortunately, that was not the end of it. More closures are on the way with around ten more locations expected to close by the end of the year. However, they have not yet disclosed the affected locations.
Foot Locker
Foot Locker Inc. is due to close a total of 165 stores through the year, according to the announcement it made in March. However, it plans to spend millions on upgrading the remaining locations. It made the move in the hopes of improving profit for the shoe retailer. Shareholders were surprised when it did better than expected during the final quarter of last year.