Shopping Bag: (0)
New York--Nearly eight months after announcing it would sell its Lord & Taylor building in New York and scale down the footprint there, Hudson’s Bay Co has now said it will close the store The company announced Tuesday in its first quarter results that as it continues to balance its brick-and-mortar presence with online channels, it has decided to close its Fifth Avenue flagship in New York City altogether The company originally planned to continue to operate a much smaller space in the building after it sold to co-working space company WeWork in a deal valued at $850 million In its statement, HBC said that, “…exiting this iconic space reflects Lord & Taylor’s increasing focus on its digital opportunity and HBC’s commitment to improving profitability” The company said it expects to close up to 10 Lord & Taylor stores through 2019 It has been struggling with the well-known retailer for some time.
Reuters reported in . Source
Freeform Boulder Opal pair featuring Peacock Green and Blue colours set in 18k white gold earrings w...read more
This interlocking diamond wedding set features a solitaire engagement ring with round moissan...read more
From classic to statement-making, there's something for everyone on this list. No matter how well yo...read more
Get the best news about jewelry and watch industries, products and services