store closing

Lord & Taylor is closing its 5th Ave store

Looking for another sign of how tough it is in the world of retail? The century-old Lord & Taylor store on New York's Fifth Avenue,is going to shut down next year and become a WeWork space.

Michael Kors to close 100 to 125 stores

Another day, another dose of bad news from the world of retail. Clothing and accessories company Michael Kors announced Wednesday that it will be closing 100 to 125 stores in the next two years.