Lord & Taylor news and archive

Gucci amplifies battle against US counterfeiters

Gucci is escalating its efforts to combat counterfeiting, initiating legal action against three U.S. retailers: Sam's Club, Century 21, and Lord & Taylor. The lawsuits, filed by Gucci's American division in federal court in Manhattan, allege these retailers' involvement in the illicit sale of counterfeit Gucci products. The luxury brand...

Retail

Saadia Group launches Lord & Taylor digital

The Saadia Group has launched famed American brand and former department store Lord & Taylor as a digital Collective Store. The new partnership promises exclusive collaborations and merchandise to bring Lord & Taylor’s 195 year heritage to a new generation. As America’s first and oldest department store, Lord & Taylor has a serious history with...

BusinessFeatured

US department store chain Lord & Taylor files for bankruptcy

US luxury department store chain Lord & Taylor has filed for bankruptcy, becoming the latest retail casualty of the Covid-19 pandemic. The company filed for Chapter 11 protection on Sunday, according to documents from the US Bankruptcy Court for the Eastern District of Virginia, along with its owner, French fashion rental subscription service Le...

Business

Hudson's Bay Company sells Lord + Taylor to Le Tote

Hudson’s Bay Company (HBC) has announced completion of the sale of Lord + Taylor to Le Tote, Inc., a fashion rental subscription service, for 99.5 million Canadian dollars (75 million dollars) in cash and a secured promissory note for 32.2 million Canadian dollars (25 million dollars) payable in cash after two years, subject to customary...

Business|ANALYSIS Featured

What’s in for Le Tote?: Lord & Taylor’s acquisition

New York – Hudson's Bay Company (HBAYF) has announced it has sold Lord & Taylor brand to Le Tote, Inc., a fashion rental subscription service, for 75 million dollars. The deal, originally expected to close at 100 million, signals a new era for the oldest US department store chain. "Since founding Le Tote, it's been our mission to push the...

BusinessFeatured

Hudson’s Bay to sell Lord & Taylor for 100 million Canadian dollars

Canadian retailer Hudson's Bay Company (HBC) has announced it is selling luxury department store chain Lord & Taylor to fashion rental subscription service Le Tote in a 100 million dollar deal. The deal will see Le Tote acquire the Lord & Taylor brand and related intellectual property while assuming operations of its 38 stores, digital channels...

People

Lord & Taylor president exits company after one year

Vanessa LeFebvre announced last week that she is leaving her post within Lord & Taylor. The retail executive took over the role of president with the Hudson's Bay-owned retailer last May, following the departure of former president Liz Redbell. LeFebvre joined Lord & Taylor from Stitch Fix, where she served as vice president, women's buying....

Business|ANALYSIS Featured

Data breach hits Saks Fifth Avenue, Lord & Taylor: 5 million cards compromised

Retailers have become a profitable target for cyber fraudsters, with U.S. leading upscale department store Saks Fifth Avenue and sister brand Lord & Taylor joining the list of businesses affected. Parent group Hudson’s Bay Co. said earlier this week that customer payment card information may have been stolen from shoppers at certain Saks Fifth...

Business|ANALYSIS

Wal-Mart continues to get the industry talking: adds Lord & Taylor to its fashion portfolio

Continuing with its strategic plan to compete head-to-head with Amazon for the title of online fashion mogul, Wal-Mart has announced a new partnership with Lord & Taylor. The retailer will add the U.S. fashion retailer’s clothing brands to its e-commerce platform. “Our goal is to create a premium fashion destination on Walmart.com,” said Denise...