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Le Tote and Lord & Taylor begin going-out-of-business sales

It is the end of an era for Lord & Taylor. The iconic luxury department store has commenced its going-out-of-business sales in its 38 brick-and-mortar stores as well as its e-commerce site. The retailer and its parent company Le Tote filed for Chapter 11 reorganization early this month, and has since been in pursuit of a buyer. "While we are...