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Lord & Taylor closing last Chicago-area stores

Operating in Chapter 11 bankruptcy, the department store chain is shutting down in Northbrook and Schaumburg.

The Lord & Taylor logo at Water Tower Place in 2006, the year the store closed.
The Lord & Taylor logo at Water Tower Place in 2006, the year the store closed.
AP

Chicago-area shoppers can say goodbye soon to the Lord & Taylor department stores.

Once a leading chain, Lord & Taylor is closing its last two stores in Illinois — at Northbrook Court in Northbrook and Woodfield Mall in Schaumburg. It moved out of Water Tower Place in 2006.

The Northbrook closing was announced earlier this month and the Schaumburg shutdown was disclosed Thursday as the company added to its list of closed stores. Owned by fashion rental service Le Tote, Lord & Taylor is operating under Chapter 11 bankruptcy and is seeking a buyer.

A statement issued by Hilco Merchant Resources, which is managing the shutdowns, did not give a date for the closings. It said merchandise is being marked down by 20% to 40% and that store fixtures also are available.

In all, Lord & Taylor is closing 24 stores in the U.S., mostly in the Northeast. Lord & Taylor’s online map indicates it will have 12 stores left after the closings.