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January 3, 2019

VENERABLE LORD & TAYLOR-FLAGSHIP CLOSING

NEW YORK (AP) — After 104 years, Lord & Taylor’s flagship store on Fifth Avenue has locked its doors forever.

The venerable department store famed for its animated holiday windows closed down Wednesday afternoon, ending a blowout sale that left whole floors empty. By the end, clothes that once sold for as much as $100 were going for $5.99, and $600 designer shoes for $99.

The 11-story building has been sold to the WeWork space-leasing company for more than $850 million.

Forty-five other, smaller Lord & Taylor stores remain open, mostly on the East Coast. In addition, Lord & Taylor-branded merchandise is being sold online through the Walmart website.

The demise of the Fifth Avenue store reflects a shifting economy in which brick-and-mortar retail has taken a hit from online sales.

Hudson’s Bay Co., the Canadian corporate behemoth that has owned the brand since 2012, said it was closing the flagship and some of its other stores due to an “increasing focus on its digital opportunity and commitment to improving profitability.”

Founded in 1826 on Manhattan’s Lower East Side, Lord & Taylor was one of the nation’s first big department stores.

SNOW IN THE DESERT

PHOENIX (AP) — The weather seemed a bit backwards Wednesday throughout much of the U.S. West, with snow falling on cactuses in the Arizona desert and Anchorage seeing balmy weather — at least by Alaska standards.

In Phoenix, the overnight low was 30 degrees for the first time in five years and more cold temperatures were expected Thursday. The Tucson area saw as much as 6 inches of snow.

Snow dusted cactuses and mountains in southern Arizona and covered the Grand Canyon in the north.

Elsewhere, the National Weather Service issued a freeze warning in the Nevada county where Las Vegas is located. Snow fell and stuck Tuesday on a desert highway over a mountain just 20 minutes outside Sin City.

Albuquerque, New Mexico, saw heavy snowfall and icy roads that caused many government agencies and schools to close.

Meanwhile, some parts of Alaska rang in the new year with relatively balmy weather for the region that helped melt snow in Anchorage. A change in the jet stream brought warmer air from the south, taking the temperature to 42 degrees on New Year’s Day.

Colder weather was in the forecast.

HAPPY VALLEY-TRADEMARK

STATE COLLEGE, Pa. (AP) — It’s sometimes called State College and sometimes University Park, but Penn State wants to ensure it holds the trademark when it’s called Happy Valley.

The Centre Daily Times reported Wednesday the university asked the U.S. Patent and Trademark Office last month to trademark the term that refers to the school’s setting in the mountains of central Pennsylvania.

The application says it wants to use the term on clothing and headwear.

The paper says that the trademark had been registered but that the holder didn’t renew it.

A Penn State spokeswoman says the school wants to consult local government and business leaders about the use of the term.

The newspaper says one of its columnists apparently popularized the term in a 1962 piece headlined, “Happy Valley and the Jet Age.”

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