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WWD 7/31/2003

WWD 7/31/2003

Leaving the Sun Belt: L&T Axing 32 Sotres To Boost Profitability

In an unprecedented downsizing, Lord & Taylor will close 32 low-volume stores, dismantling much of a misguided expansion during the Nineties and returning its focus to core Northeastern and Midwest markets to seek better profitability.

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