America’s Oldest Department Store
The title of America’s oldest department store typically goes to Lord & Taylor, which was founded in 1826 in New York City.
Originally a dry goods store, it grew over the years into a full-fledged department store. Lord & Taylor is renowned for its long history and was one of the first to introduce the concept of a department store to the American shopping experience.
However, if you’re referring to the oldest department store still operating under its original name and concept, Lord & Taylor has largely been out of operation since its parent company filed for bankruptcy, and many of its locations have closed or been sold.
As of now, Macy’s (founded in 1858) is one of the most recognizable department store chains still in business and operating across the U.S., particularly known for its flagship store in Herald Square, New York City.
Following a challenging 2020, marked by Kobe Bryant’s tragic death, the COVID-19 pandemic, and civil unrest, traditional retailers struggled.
Lord & Taylor, America’s oldest department store, couldn’t survive the economic hit and is now closing all 38 stores.
Acquired by the French company Le Tote Inc. in 2019, Lord & Taylor filed for Chapter 11 bankruptcy due to mounting financial pressures, initially planning to keep 14 locations open.
Founded in 1824 as the first U.S. department store, the brand’s decline accelerated after selling its Fifth Avenue flagship to WeWork (later acquired by Amazon).
Lord & Taylor holds the distinction of being the oldest department store in the United States. It began as a dry goods store at 8 Wall Street in New York City. The founders expanded the business over the years, offering more variety of goods, and it became known for its upscale offerings. Lord & Taylor is famous for its elegant, high-end clothing, including designer fashion, as well as fine home goods.
In the 1910s, the company became known for its innovative marketing and retail practices, such as creating elaborate window displays during the holiday season. It also gained a reputation for its customer service, and the store’s flagship location on Fifth Avenue became an iconic symbol of luxury shopping.
In 2006, Kaufmann’s was acquired by Macy’s, and the Kaufmann’s name was eventually phased out. Today, Macy’s operates in the former Kaufmann’s locations, but the Kaufmann’s legacy is still fondly remembered by many in Pittsburgh and the surrounding region.