In an announcement on its website the company, one of the oldest American department stores, said it was looking for a new owner.
Like many retailers, Lord & Taylor was already struggling with the shift to online shopping even before the pandemic struck this spring.
Last year, it sold its flagship building on New York’s Fifth Avenue after more than a century in the 11-story building.
The company was founded as a dry goods store in 1826. There are several dozen Lord & Taylor stores across the country.