TORONTO — Hudson’s Bay Co. says it’s pursuing strategic alternatives for its Lord & Taylor business, including a possible sale or merger.The Lord & Taylor chain has more than 40 stores in the northeastern and mid-Atlantic regions of the United States as well as its online business.
HBC chief executive Helena Foulkes says the retailer is exploring options to position itself for long-term success. HBC previously announced in February that its Canadian retail banner, Home Outfitters, will be discontinued and its 37 locations will be closed this year and that about 20 Saks Off Fifth locations will be closed in the United States.
Foulkes says Lord & Taylor remains committed to serving customers across its stores and digital channels throughout the review.
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HBC exploring strategic alternatives for Lord and Taylor businessHudson's Bay Co. says it's pursuing strategic alternatives for its Lord and Taylor business, including a possible sale or merger. I am honestly about to cry right now. Lord and Taylor is one of my favorite stores to shop at. There’s just something about Lord and Taylor that makes me feel so proud to be an American and shop in the American dream. One of the oldest department stores 😢 Savelordandtaylor
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