Lord & Taylor Parent Reportedly Hires Advisers to Revive Ailing Chain

In The Daily Scoop by Lauren Parker, Accessories Magazine

Hudson’s Bay Co. is trying to revive — or possibly sell — it’s upscale Lord & Taylor department store chain, according to a Reuters report that cited unnamed sources. A Hudson’s Bay spokesperson told Retail Dive the company does not comment on “rumor or speculation.” The Canadian retailer is working with investment bank PJ Solomon and consulting firm AlixPartners to cut costs and improve the business, according to Reuters, which also noted that “Hudson’s Bay is also open to divesting Lord & Taylor, but considers this outcome unlikely given the scarcity of potential buyers that would pay top dollar for it amid the retail sector’s malaise.” Read more at Retail Dive

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