Identity area
Type of entity
Authorized form of name
Parallel form(s) of name
- Lord and Taylor
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
History
George Washington Taylor and Samuel Lord opened Lord & Taylor department stores in 1826 as a small dry goods company on 47 Catherine street in New York City. In 1853, the company moved into a building on the corner of Grand and Chrystie streets. By 1872, the stored had moved and opened two additional stores, one at 20th and Broadway, and the other at Grand and Broadway. In 1910, Lord and Taylor was purchased by United Dry Goods Companies, the parent company to the Associated Merchant's Company
By then, Lord and Taylor had expanded their building at 20th street to the end of the block at 5th avenue, making it the first department store to reside on the street which would later become a center of commerce. The company's final move came in 1914, when they relocated to a ten story Italianate building at 5th avenue and 38th street. The rooftop of this building was fitted with excellent employee facilities, such as an open air garden, a dining room, lounge, hospital, and gym. It was at this location that Lord and Taylor became known for its artful department store display windows for promotions and holidays. Lord and Taylor pioneered new retail policies in shopping for its time. They were the first department store with fixed-price policies, the first to include a steam elevator, the first who did not employ men to to entice customers to enter, and the first to open a branch in the suburbs at Manhasset. Lord and Taylor also opened the first juniors, maternity, bridal,and petites departments. Under the direction of retail executive Dorothy Shaver, Lord and Taylor launched "The American Look" campaign in 1932, becoming the first department store to promote the works of American fashion designers over Parisian designers.