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Lord & Taylor

December 9, 2013

Lord & Taylor, founded in 1826 is the oldest retail department store in the United States. The store had its beginnings on Catherine Street in Lower Manhattan when Samuel Lord, an English immigrant and his wife’s cousin George Taylor started to sell Cashmere shawls, hosiery and other ladies wear.

The store moved to Broadway and Grand Street in 1861. With the construction of their new cast-iron building at Broadway and 20th Street in 1870, Lord & Taylor joined other retailers, like B. Altman, W &.J. Sloane, and Arnold Constable in the Ladies Mile.

As retailers contiuned their uptown move, Lord & Taylor joined B. Altman, located at Fifth Avenue and 35th Street to their new flagship store at Fifth Avenue and between 38th and 39th Street. The store, designed by architects Starret & Van Vleck opened in 1914 and continues to be their flagship store.

Lord & Taylor was the first chain to open a branch store, Manhasset NY, in 1941, the first to decorate their windows with holiday displays and the first to have a woman as president.

As with many retailers today, Lord & Taylor has had a succession of owners. They become part of Associated Dry Goods(ADG) in 1916 which continued until 1986 when ADG was acquired by May Department Stores. May was acquired by Federated, now Macys Inc. in 2005 which sold the chain to NRDC Equity in 2006.

Currently operating 47 stores, primarily in the Northeast with some in the Midwest, Lord & Taylor continues to thrive in the upscale market.

Visit Storehourz.com for hours, directions, transportation and links to social media.

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