Lord & Taylor Archives - Inside Retail Asia
Hudson’s Bay Company (HBC) has announced plans to sell its US department store chain Lord + Taylor to Le Tote, a clothing subscription and rental business, for US$100 million ($149 million). The decision, announced Wednesday, August 28, will enable the Canadian retail company to focus on its other department store businesses: Saks Fifth Avenue and Hudson’s Bay. HBC, which also ow…
Walmart sales in the US rose at the strongest rate in more than a decade during the latest quarter.
Canada’s Hudson’s Bay is reportedly in talks to sell at least part of its German department store business Kaufhof.
Canadian department store operator Hudson’s Bay is downsizing its US Lord & Taylor network.
Walmart’s online sales in the US soared 50 per cent during the latest quarter.
Luxury goods retailer Saks Fifth Avenue is making moves to open two stores in India.
Global Brands Group has appointed experienced luxury retailer Jason Weisenfeld president of Global Seven, its joint venture with David Beckham and Simon Fuller.
US mall developer Simon Property Group has teamed with Canada’s oldest retailer, Hudson’s Bay, to create a US$1.8 billion property joint venture.
US luxury department store Saks Fifth Avenue is set to become a global brand. New owner, Canada’s Hudson’s Bay, says it plans to expand the brand into Canada and Europe as well as Asia once it takes control of the business. “We’d be one of the first to have a department store as a global brand,” said Hudson’s Bay Co president Bonnie Brooks, who describes Europe as a possibility and Asia as the most logical new market. Hudson’s plans to open seven Saks Fifth Avenue stores and 20 Off Fift…