betting on fashion legacy: Lord & Taylor’s radical retail shift
Description
this week, we analyze Lord & Taylor’s legacy as a premier department store to a fallen emblem of the American middle class. but just when you thought it was over, an anonymous group has decided to relaunch the legacy brand as an online off-price retailer.
how does this move reflect broader trends in retail? let’s examine the challenges and opportunities this business strategy brings for the fashion retailer in today’s e-commerce driven market.
(NOTE: at one point in this episode i mentioned that Hudson’s Bay might own Canadian retailer Holt Renfrew- that’s a lie actually; they’re owned by Selfridges Group. but you can’t lie, the vibes are so similar to Sak’s Fifth lol)
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