New York (CNN Business) Becoming the latest of many retailers to declare bankruptcy during the coroanvirus pandemic, department store Lord & Taylor has filed for Chapter 11. The company filed for Chapter 11 bankruptcy protection Sunday, according to court documents. The bankruptcy comes almost a year after fashion rental subscription service Le Tote, Inc. bought the company for $75 million. Before that, Hudson's Bay Company acquired Lord & Taylor in 2012.
Isaias, downgraded from a hurricane but still a powerful tropical storm, moved along Florida's eastern coast on Sunday, bringing strong winds but no longer posing a storm surge threat. This report produced by Chris Dignam.