The Toronto-based retailer is looking at “strategic alternatives” for the struggling U.S. department store chain, such as a possible sale or merger. (Globe and Mail)
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The Toronto-based retailer is looking at “strategic alternatives” for the struggling U.S. department store chain, such as a possible sale or merger. (Globe and Mail)
Talking point: The Hudson’s Bay Company (HBC) has faced disappointing results from Lord & Taylor. It already closed a number of locations including its flagship Manhattan store in early January, which it sold to office-sharing startup WeWork for US$1.1 billion. However, as e-commerce continues to shift consumer habits, industry analysts said it would be tough for HBC to get a good price for Lord & Taylor.
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