Maryland Blogger: Lord & Taylor to Close Lakeforest Mall Location in Gaithersburg, MD

Lord & Taylor to Close Lakeforest Mall Location in Gaithersburg, MD

Lord & Taylor to Close Lakeforest Mall Location in Gaithersburg, MD

 

Gaithersburg City Councilmember, Ryan Spiegel, tweeted that Lord & Taylor has notified the city that the company intends to close its Lakeforest Mall location in September. 

While Lord & Taylor has made things difficult with their refusal to close its White Flint store, long after the mall has been demolished, it seems as if they’re ready to play ball when it comes to the redevelopment of the area.

JC Penney and Sears have also announced they will be closing their stores, so we are now left with Macy’s as the last domino standing before the city can move forward with any plans.

The MoCo Show provided this story.

 

For out of the area readers, the Lakeforest Mall area is targeted for redevelopment.

 

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Comment balloon 14 commentsRoy Kelley • June 05 2019 08:57PM

Comments

A stalwart of my youth, Lord & Taylors, along with Best & Company and B Altman and Gimbels... all gone now except for a tiny bit of L&T in NYC. I'll never forget their wonderful window displays at Christmas time. Sometimes I really miss the 1950's and 1960's.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) 2 months ago

We are noticing that many of the big name stores are now closing their doors Roy. Online shopping has definitely changed the way many buy their goods now.

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) 2 months ago

Roy, sad to see so many "big box stores" closing, and haven't seen Lord and Taylor for a while.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) 2 months ago

Lord and Taylor is saying goodbye to Gaithersburg's Lakeforest Mall.

The fashion retailer will be shuttering its doors for good in September, Lord & Taylor's parent company — Hudson's Bay Co. — announced Wednesday, according to Washington Business Journal.

The department store filed a Work Adjustment and Retraining Notification (WARN) notice with the state of Maryland on Wednesday. WBJ reports that there are about 75 people working at Lord & Taylor in Gaithersburg. The employees will reportedly be offered severance packages and transfer opportunities where possible.

 

"These decisions are never easy, but they are the right ones for the company," HBC spokesperson Alex Cohen said, according to WBJ. "We are committed to offering support and assistance to our team affected by the closing."

 

The listed layoff date is Sept. 15.

Posted by Roy Kelley (Realty Group Referrals) 2 months ago

Good morning Roy. The big boxes have a lot to consider in the age of online purchasing. Sounds like a redevelopment plan is in place for the land! Enjoy your day. 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 2 months ago

Good morning, Wayne - Yesterday I saw this announcement and news of the redevelopment of the Lakeforest Mall.  It is likely well-anticipated by the residents of Gaithersburg and Montgomery County.  I did visit there in the 1980s.  It seemed so far away from the district in those days.  Times certainly change and things must evolve. 

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 2 months ago

It seems that shopping is done predominately online these days, so the storefronts are suffering.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 2 months ago

Good morning Roy. I haven't seen a Lord and Taylor for years. In Philadelphia where I grew up it was the best and fiest of stores. Too bad it is going away.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 2 months ago

Large mall space is coming under pressure in many communities across America, as folks switch to on-line shopping.  It's sad in a way, but also evolutionary.  What to do with the old space is the question?  I see all sorts of possibilities - schools, medical facilities, tech centers, etc.  Here's to the future, since the past has already found us!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 2 months ago

Good morning Roy - my mother in law used to shop at Lord and Taylor all the time.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 2 months ago

Roy,

It is the sign of the times, the Internet has revealed that there are too many brick and mortar stores not far from each other.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) 2 months ago

We have the same things happening in our market area it is sad to see this happening.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) 2 months ago

There is a common trend here, gratefully I was at Neiman Markus in Beverly Hills, the reason was to meet a client at the bar... with that said the place was still hopping with shoppers and lookers and those who wanted to be seen...Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 2 months ago

Thanks so much for stopping by. It is always good to hear from you.

Posted by Roy Kelley (Realty Group Referrals) 2 months ago

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