These Big Companies Run The Risk Of Bankruptcy This Year

Published on 07/15/2019
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Lord & Taylor

America’s oldest department store, Lord & Taylor, has also been among the stores shutting locations down recently. Just because it’s been around for a while doesn’t mean it has immunity from failure and financial trouble. In 2019, they will be closing 9 of their stores, including their famous flagship store on Fifth Avenue in New York. A lot of people reckon that the main issue is that most of Lord & Taylor’s locations are in shopping malls which are struggling throughout the whole country. As a last-ditch effort to save their name, Lord & Taylor is partnering with Walmart.

Lord & Taylor

Lord & Taylor

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Topshop

The British fashion chain Topshop made its way to America in 2009 and was warmly welcomed. After only 10 years in the States, the company is closing all of its stores, even in cities like Chicago, Los Angeles, Houston, Miami, and San Diego. While they won’t have any more walk-in stores in the United States, you can still shop online as well as in most Nordstrom locations for the brand.

Topshop

Topshop

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