Report: Lord & Taylor to Return as Online-Only Retailer in April
Retail TouchPoints
MARCH 15, 2021
Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple sources. Known as the oldest department store in the U.S., Lord & Taylor has had a rocky couple of years. It was acquired by online apparel rental startup Le Tote from then owner Hudson’s Bay Co. for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020.
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