Lord Taylor closing Monmouth Mall store

After nearly 30 years, the Lord & Taylor store at the Monmouth Mall in Eatontown is slated to close in January.After nearly 30 years, the Lord & Taylor store at the Monmouth Mall in Eatontown is slated to close in January.

In June, parent company Hudson’s Bay Company announced plans to close 10 stores throughout this year and next.

A company spokesperson told NJBIZ via email the closures, including the one in Monmouth Mall, were “to better balance the brand’s brick and mortar presence with its online channels.”

“These decisions are never easy, but they are prudent for the Company and we are committed to offering support and assistance to our team affected by the closing, including offering store associates transfer opportunities where available,” the spokesperson wrote.

Also among the closures was the flagship Lord & Taylor store on New York’s Fifth Ave.