Lord & Taylor is the oldest department store company in the US dating back to 1826. They were the crown jewel of Associated Dry Goods Company who expanded L&T to places like Atlanta, Florida, New Orleans and Chicago. Then May Company acquired ADG and almost ruined L&T. They had to retrench to the Northeast. When Federated brought May, they were smart enough to sell L&T off to some investors who have turned it around with people like Brendan Hoffman. The Flagship L&T in Manhattan is excellant. Mr. Hoffman can only mean good things to BONT.