Lord & Taylor Plans First New Department Store in a Decade

Yonkers, NY—For the first time in 10 years, Lord & Taylor plans to open a full-priced department store, which will open in Yonkers, N.Y., in 2012 as part of Forest City’s Ridge Hill outdoor shopping center, now under construction. Lord & Taylor last opened a new store in Alexandria, Va., in 2001. The 184-year-old retailer more recently spent $20 million renovating its Fifth Avenue flagship in New York City.