Hudson’s Bay to review strategic alternatives for Lord & Taylor

Source: cnbc, Tuesday, May 7, 2019

Hudson's Bay, which runs North American retailers Saks Fifth Avenue, Hudson's Bay and Lord & Taylor has said that it is exploring strategic alternatives for its Lord & Taylor brand, including a possible sale or merger. Department store, Lord & Taylor has been challenged in the new retail landscape of declining mall traffic. Store footprint has fallen to 45 department stores as of 2 February 2019, down from 50 a year ago.