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Lord & Taylor Will Relaunch as an Online Off-Price Retailer

Under anonymous new owners, the iconic department store has a new identity as a discount luxury e-commerce site and a licensed brand name to be distributed in department stores.
Outside of a Lord & Taylor store in 2012.
Outside of a Lord & Taylor store in 2012. (Shutterstock)

The nearly 200-year-old department store Lord & Taylor is coming back to life, albeit with an entirely different business model.

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Further Reading

Can Going Private Save Hudson’s Bay Company?

Executive Chairman Richard Baker wants to take the owner of Saks Fifth Avenue and Lord & Taylor private. Public or private, the ailing department store operator will need to close stores and endure some short-term losses to survive, industry experts say.

Bloomingdale’s CEO on the Future of American Department Stores

To survive and even thrive, the ailing retail format doesn’t have to reinvent itself, according to Olivier Bron. Bringing his international experience to parent company Macy’s Inc., the new chief executive wants to give customers a more exciting experience and be a better partner to brand vendors.

About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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