Samuel Lord and George Washington Taylor founded their store in 1826 on Catherine Street in Manhattan, New York. The company originally sold women’s hosiery, cashmere shawls, and women’s clothing. The store moved several times over the years; to Broadway at Grand in 1861, the later to a cast iron building at Broadway and 20th Street. In 1914, the company moved, and made their headquarters, on 5th Avenue, the first store to open on what would become the infamous 5th Avenue. The company also made headlines when they appointed the first female to head a retail establishment in 1945, Dorothy Shaver.
Today, Lord & Taylor has grown to more than 50 locations across the U.S. Each store is uniquely designed and has a distinctive blend of both classical and contemporary elements.
Lord & Taylor offers luxury women’s clothing, handbags, shoes, belts, and accessories. The company offers personal shoppers, restaurants, and personal attention from sales associates.
NRDC Equity Partners purchased Lord & Taylor for $1.2 billion in 2006. In October of 2017, Rhone Capital purchased a minority share of Lord & Taylor. The iconic 5th Ave store was sold to office space sharing company WeWork, who will allow the company to operate through 2018, then has plans for revamping both the company and the building.