Lord & Taylor

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Lord & Taylor to be sold to fashion rental firm Le Tote for $100m Beth Wright | 29 Aug 19

Canadian retailer Hudson's Bay Company (HBC) has inked a deal to sell its Lord & Taylor banner for US$100m to clothing rental startup Le Tote.


HBC mulls Lord & Taylor sale or merger Beth Wright | 7 May 19

Hudson's Bay Company (HBC) is pursuing strategic alternatives for its Lord & Taylor department stores, including a possible sale or merger of the business.


Hudson's Bay optimistic despite fourth-quarter sales slip Beth Wright | 4 Apr 19

Shares in Hudson's Bay Company (HBC) remained up by almost 6% this afternoon (4 April) as CEO Helena Foulkes hailed the Canadian retailer as "far stronger" than it was a year ago despite a drop in fourth-quarter sales.


HBC to sell Gilt and shutter stores as Q1 loss widens Beth Wright | 6 Jun 18

Hudson's Bay Company (HBC) has widened its loss in the first quarter amid an announcement by the Canadian retailer that it is to offload its online shopping and lifestyle website Gilt and shutter up to ten of its Lord & Taylor stores – including its flagship on New York's Fifth Avenue.


Walmart to launch Lord & Taylor flagship online store Beth Wright | 14 Nov 17

As part of its plans to deliver luxury fashion, US retail giant Walmart is to launch a dedicated online Lord & Taylor flagship store next year, offering premium fashion brands to its customers.


HBC to sell Lord & Taylor flagship for US$850m Beth Wright | 25 Oct 17

Canadian retailer Hudson's Bay Company (HBC) has announced a series of strategic transactions with WeWork Companies and private equity firm Rhône Capital – including the sale of its Lord & Taylor Fifth Avenue flagship – as part of a strategic relationship designed to maximise the productivity and value of HBC's global real estate assets.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Xcel Brands adds licenses to fast-fashion model Michelle Russell | 10 Nov 16

Xcel Brands, which owns and manages fashion brands such as Isaac Mizrahi and C Wonder, has signed multiple new license deals across its owned brands that supplement its Quick Time Response apparel programme at Lord & Taylor and Hudson’s Bay stores. 


Xcel Brands debuts new inventory management model Katie Smith | 2 Sep 15

Brand development company Xcel Brands has agreed a strategic partnership with Hudson's Bay and Lord & Taylor, which will allow the retailers to manage dynamic assortments of inventory in response to customer demands.


Hudson's Bay appoints Storch to CEO role Michelle Russell | 18 Dec 14

Canadian department store operator Hudson's Bay Company has appointed retail veteran Gerald Storch as chief executive.


CANADA: Hudson's Bay narrows Q2 loss on sales surge Katie Smith | 12 Sep 14

Canadian department store operator Hudson's Bay Company has more than halved its losses during the second quarter, thanks to a near-doubling of sales.


CANADA: Higher costs hit Hudson's Bay Q4 performance Katie Smith | 4 Apr 14

Higher costs related to its CAD2.9bn (US$2.63bn) acquisition of luxury retailer Saks resulted in a 67% decline in fourth-quarter profit for Canadian department store operator Hudson's Bay Company.


US: Burgess to lead Hudson's Bay digital division Katie Smith | 30 Jan 14

Canadian department store retailer Hudson's Bay Company has created a new digital division, which will be led by Michael Burgess.


US: Saks general merchandise head Boitano to step down Michelle Russell | 20 Jan 14

US-based luxury retailer Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.


CANADA: Hudson's Bay promotes Greller to head up outlets Michelle Russell | 9 Jan 14

Canadian department store operator Hudson's Bay Company has appointed Jonathan Greller to head up its outlet stores.


CANADA: Hudson's Bay makes raft of executive promotions Michelle Russell | 18 Nov 13

Canadian department store retailer Hudson's Bay has promoted a number of people to senior positions within the company as it shores up its new executive team.


CANADA: Hudson's Bay closes Saks acquisition Katie Smith | 5 Nov 13

Canadian department store operator Hudson's Bay Company has completed its US$2.9bn acquisition of US-based luxury retailer Saks.


US/CANADA: Saks shareholders approve Hudson's Bay merger Katie Smith | 31 Oct 13

Saks shareholders have approved its merger with Canadian department store retailer Hudson's Bay Company, in a move that creates a leading upscale North American fashion retail business.


US: Hudson's Bay names Hardin creative officer Katie Smith | 28 Oct 13

Canadian department store operator Hudson's Bay Company has appointed Russ Hardin as its new chief creative officer and senior vice president.


CANADA: Hudson's Bay swings to Q2 loss Katie Smith | 13 Sep 13

Canadian department store retailer Hudson's Bay Company swung to a loss during the second quarter, weighed down by CAD59.9m (US$58m) in costs related to the pending acquisition of US luxury retailer Saks.


Analysts mixed on Hudson's Bay's bid for Saks Katie Smith | 30 Jul 13

Canadian department store retailer Hudson's Bay yesterday (29 July) submitted a bid for luxury US based retailer Saks after months of speculation. But analysts are taking a mixed view of the US$2.9bn deal, with one saying it "undervalues" the shares while another describing it as a "compelling" offer.


US: Hudson's Bay acquires Saks in US$2.9bn deal Katie Smith | 29 Jul 13

Canadian department store retailer Hudson's Bay Company is to acquire luxury US retailer Saks in a deal worth US$2.9bn in a move that creates a leading North American retailer operating across the luxury, mid-tier and outlet sectors.


US: Starwood Capital submits bid for Saks? Katie Smith | 22 Jul 13

The chief executive of private investment firm Starwood Capital Group is rumoured to have submitted a bid for upscale retailer Saks.


US: Hudson's Bay explores Saks bid? Katie Smith | 25 Jun 13

Canadian department store retailer Hudson's Bay, whose brands include Lord & Taylor, has reportedly emerged as a potential bidder for US luxury retailer Saks.


US: Gymboree names Levi Strauss exec as new COO Katie Smith | 20 Jun 13

Children's apparel retailer The Gymboree Corporation has appointed Levi Strauss & Co executive Joelle Maher as the company's new chief operating officer.


CANADA: Hudson's Bay shuffles management team Katie Smith | 19 Jun 13

Hudson's Bay has made changes to its executive structure, with president Bonnie Brooks stepping down from her role to serve as vice chair at the Canadian department store retailer.


CANADA: Hudson's Bay Q1 losses narrow on sales growth Katie Smith | 13 Jun 13

Canadian department store retailer Hudson's Bay has seen its first-quarter losses narrow to CAD80.7m (US$79.4m) for the 13 weeks to 4 May, boosted by strong sales at its namesake stores growth as well as improved gross profit and operating expenses.


CANADA: Hurricane Sandy weighs on Hudson's Bay Q4 profit Katie Smith | 12 Apr 13

Canadian department store retailer Hudson's Bay Company has seen its fourth-quarter net profit nearly halve, after it was forced to clear inventory at its Lord & Taylor stores across the US after Hurricane Sandy.


CANADA: Hudson's Bay promotes DiLeo to EVP of stores Katie Smith | 25 Feb 13

Canadian department store retailer Hudson's Bay has promoted Eileen DiLeo to executive vice president of stores for its Lord & Taylor and namesake brands, replacing Debbie Edwards who is retiring.


US: Iconix takes control of Buffalo David Bitton label Katie Smith | 4 Feb 13

Iconix Brand Group, which licenses fashion and footwear labels including Candie's, Bongo, London Fog and Joe Boxer, has acquired a 51% interest in the Buffalo David Bitton brand for US$76.5m.

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