Why Department-Store Stocks Are Falling Today
Shares of several big-name department-store companies were trading lower on Tuesday afternoon after Reuters reported that upscale chain Lord & Taylor has joined the list of those considering a bankruptcy filing.
Here's where things stood for the stocks of these four companies as of 1:45 p.m. EDT, relative to their closing prices on Monday.
According to the Reuters report, which was published on Monday night, privately held Lord & Taylor is exploring several options, including trying to find additional financing and negotiating relief from creditors, as well as the possibility of a bankruptcy filing.
Source Fool.com
