Lord & Taylor (New York states) : The oldest department store in the United States

03-04-2019

(USKings.us) Lord & Taylor is a department store in the United States, the oldest department store in the country. Headquartered in New York City, it is a subsidiary of the oldest commercial corporation in North America, the Hudson's Bay Company.

Lord & Taylor has 45 locations (as of 2019), and four L&T outlets.

English-born Samuel Lord started a dry goods business in New York in 1824, and opened the original store that would become Lord & Taylor in 1826, on Catherine Street. The shop stocked hosiery, misses' wear, and cashmere shawls. His cousin, George Washington Taylor, joined in 1834, and the store was named Lord & Taylor. James S. Taylor, Lord's brother-in-law, replaced George Taylor in 1845 and the store moved to Grand and Chrystie Streets in 1854.

In 1860, they opened a second store on Broadway at Grand Street, keeping the older store open. Lord retired in 1862. In 1870, the Broadway store moved a mile uptown, to a new cast-iron building at Broadway and 20th Street, in the area known as the "Ladies' Mile". The new store expanded around 1890 by annexing a building to east. The downtown store continued to function, expanded through to Forsyth Street, and advertised until at least 1887 as a new building. Samuel Lord's estate sold the Grand Street store in 1901.

The Starrett & van Vleck-designed Fifth Avenue store and headquarters opened between 38th and 39th streets on February 24, 1914. The Broadway store was quickly sold, on March 26. The Fifth Avenue store became a New York City Landmark on October 30, 2007.

A founding unit of Associated Dry Goods, Lord & Taylor was considered to be its "crown jewel". When the May Company acquired ADG in 1986, it was assumed that May bought it just for the luxury division.

According to wikipedia


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