van Vleck-designed Fifth Avenue store and headquarters opened between 38th and 39th streets on February 24, 1914. It touted many modern improvements, including an electric delivery vehicle garage; elevator and hidden conveyor systems for moving goods, people, showcases, and trash, and for loading and unloading trucks; and an on-site electrical generation and heating system. The Broadway store was quickly sold after the new store opened on March 26. The new store became a New York City Landmark on October 30, 2007. Lord & Taylor announced in November 1915 that it would sell off its wholesale business. Under Associated Dry Goods, 1916–1986 A founding unit of Associated Dry Goods, Lord & Taylor was considered to be its "crown jewel". In 1945, Dorothy Shaver became the first woman to head a major retail establishment in the United States as president of Lord & Taylor. As vice president working with the well-known design firm of Raymond Loewy Associates, she opened what is credited as the first-ever branch store, in Manhasset, New York. Unlike earlier forays into the suburbs that consisted of smaller boutique-style shops, this was a merchandising effort that became the model for modern suburban shopping. The store consisted of 66 individual shops. Lord & Taylor's relationship with Raymond Loewy Associates continued until 1969, following the construction of the Stamford, Connecticut store (designed by Loewy Vice President Andrew Geller). Many of Lord & Taylor's special services, including personal shoppers, were introduced while Shaver presided. During this period she introduced the Andrew Geller handwritten logo and the American Beauty Rose as icons of the store. Shaver died in 1959. William J. Lippincott was elected chairman and chief executive in 1972. His obituary in The New York Times read: "In his years as president and chairman, Lord & Taylor moved beyond its traditional territory in the northeast to open stores in Atlanta, Houston, and Dallas and four stores in Illinois." A management shakeup ousted him in 1976. Under the leadership of CEO Joseph E. Brooks during the 1970s, the company aggressively expanded into Texas, Illinois, and Michigan; throughout the 1980s, South Florida saw 11 stores opened in quick succession. Under May Department Stores Company, 1986–2005 When the May Company acquired ADG in 1986, it was assumed that May bought it just for the luxury division. The chain partially withdrew from the oil-shocked Texas and southern Florida markets in 1989–1990 after its 1986 acquisition by