From Store Reporter
Lord & Taylor, under new ownership this fall, is closing its stores at Tysons Corner and Dulles Town Center just months after exiting Gaithersburg’s Lakeforest Mall. So what about the North Bethesda store, which stands alone at the site of the former White Flint Mall?… Read More
Lord & Taylor was sold this week to a little-known clothing rental service, Le Tote, a seven-year-old San Francisco company.
Hudson’s Bay, the chain’s parent company, will continue to own Lord & Taylor’s real estate and cover Le Tote’s rent at those properties for three years. Le Tote will pay $100 million in cash for Lord & Taylor’s brand and inventory and take control of 38 stores and the chain’s digital presence.… Read More
The White Flint Mall and Lord & Taylor case just got scheduled Oct. 25 to 28 in Richmond at The U.S. Court of Appeals for the Fourth Circuit. The Mall’s owners are appealing a District Court decision that awarded Lord & Taylor $31 million in damages. White Flint Mall owners appealed so they can provide evidence about the future potential profits for Lord & Taylor from the redeveloped town center that will one day be built on the property.… Read More
Comments Off on The legal battle over White Flint Mall continues …
Lerner Enterprises and The Tower Cos. filed a notice Tuesday in the U.S. Court of Appeals declaring their intention to appeal a verdict handed down by a U.S. District Court jury in August.
As you probably know, the jury awarded Lord & Taylor $31 million in damages, deciding the mall’s owners broke their contract to maintain the mall as a first-class shopping center until 2042.… Read More
Comments Off on The Mall and Amp in the News
ICYMI, here are two interesting stories on the Pike District that recently hit the papers and blogs:
White Flint Mall: Lord & Taylor is Sandbagging White Flint Mall (Bethesda Now)
Amp, Strathmore’s New Music Venue, Rocks the Suburbs of North Bethesda (Express)
… Read More