Lord & Taylor No Longer a "Landmark" in Alexandria - NBC4 Washington

Lord & Taylor No Longer a "Landmark" in Alexandria



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    Farewell, L&T in Alexandria.

    Lord & Taylor doesn't have the same chic-factor it once did and soon it won't have a location in Alexandria, Va.

    The department store announced yesterday that they will close the Landmark Mall location, according to the Washington Post.

    The doors will close forever on July 12, the company said.

    The decision doesn't come as a big surprise. Landmark Mall is owned by General Growth Properties, which filed for Chapter 11 bankruptcy protection last month.

    The Landmark is in trouble according to analysts.

    Empty stores made the mall no longer a good fit for L&T, Gregory H. Leisch, chief executive of Delta Associates, a real estate and research firm in Alexandria told the Post.

    "The demographics of the trade area have changed... It is no longer upscale," Leisch said. "The mall has deteriorated terribly going back before General Growth owned it."

    Shoppers can still get their L&T fix at the store's other area locations at Tysons Corner Center, Fair Oaks Mall and Chevy Chase.