Lord & Taylor

Clothing rental service Le Tote will purchase legacy retail brand Lord & Taylor from the Hudson's Bay Company (HBC) for $100 million, reports CNBC. Under terms of the deal, which was announced Wednesday, Le Tote will acquire Lord & Taylor’s brand and intellectual property and assume operations of 38 stores, its digital channels, and its inventory.…

Hackers stole information for more than 5 million credit and debit cards used at certain Saks Fifth Avenue, Saks Off 5th and Lord & Taylor stores. Hudson's Bay Company (HBC), which owns the retail chains, confirmed the breach Sunday, and said it has "identified the issue, and has taken steps to contain it." In the…

Lord & Taylor will launch a flagship store on Walmart.com in spring 2018, according to a joint announcement from the retailers yesterday. As part of the agreement, Lord & Taylor will introduce a specialized “flagship store” on Walmart.com, which essentially will be a section on Walmart’s website and an app dedicated to goods sold by…

Department store Lord & Taylor has reached a deal with the government to settle charges it deceived customers by placing ads in a magazine that looked like real articles. The Federal Trade Commission also charged Lord & Taylor, a unit of Hudson’s Bay Company , with promoting one of its collections by giving 50 fashion “influencers” the…

Looking to compete with the Nordstrom Racks and Saks Off 5ths of the world, Lord & Taylor is launching its first off-price store, Women's Wear Daily reports. The new "Find @ Lord & Taylor" shops will offer a selection of women's, men's, kid's, footwear and home products that have been marked down 70 percent. Lord…

Lord & Taylor has figured out how to get the kids back into its department stores: Throw lots of parties and the millennials will flock. The department store is testing out the method in its Manhattan flagship, where it hosted a gathering of about 600 young women last Thursday to

Bitcoin users can now buy merchandise from Lord & Taylor department stores using a mobile software application, the latest step by startups to make the virtual currency useful in the physical world. The mobile app, Pounce, lets shoppers make purchases by using their phones to scan images in print advertisements. The software, made by an Israeli startup, now works with Coinbase Inc.'s digital Bitcoin wallet, the companies said yesterday. Pounce has had a partnership for print-ad shopping with Hudson's Bay, Lord & Taylor's parent company, since January.

Lord & Taylor is deploying handheld RFID readers in its stores to maintain accurate inventory levels and prevent out-of-stock situations. RFID technology allows retailers to rapidly determine how much tagged inventory is in a particular location at a given time.

Since New York-based Lord & Taylor deployed radio frequency identification (RFID) technology in six of its U.S. stores to track inventory on its shoe displays, the company has seen a significant increase in sales.

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