


A year later, Hecht's also acquired the Strawbridge & Clothier chain, which was historically Wanamaker's main rival (and co-anchor at Christiana Mall). Because the renamed Wanamaker's did not do as well as projected with the Hecht's name, the decision was made to keep the Strawbridge's name, although the Clothier was dropped. The 190,000 square foot former Wanamaker store was then converted to a Lord & Taylor in 1997.
Things calmed down for a decade until Federated Department Stores, which owns Macy's, bought the May department store chain in 2005. That left Federated with three department stores at Christiana Mall: Macy's, Strawbridge's and Lord & Taylor.
Federated closed both the Strawbridge's and the underperforming Lord & Taylor in 2006. Mal owner General Growth Properties quickly snapped up the Strawbridge's building for an undisclosed price, but no definite plans have been announced for the Lord & Taylor space.
Wish we had Lord and Taylor here in California. We almost got close with a planned store in Vegas, but things have gone sour with them. In fact, the new owners most likely acquired L&T for their valuable real estate.
ReplyDeleteScott
At it's best, Lord & Taylor is excellent. At worst, it's still a decent store. I love the New York store especially.
ReplyDeleteIt's really sad how they've closed down most of their stores, and sadder still that the new buyer wants them primarily for their real estate. Nobody respects quaity retail anymore.