A New Use for Old Department Stores: Laboratories

Maurie Backman, The Motley Fool
·3-min read

Famed department store Lord & Taylor, for example, officially shuttered all of its locations last year after almost 200 years in operation. If that were to happen, it would be devastating to the many malls and shopping centers that rely on department stores to serve as anchor tenants. Department store space is extremely hard to fill due to its large size.