BRAMPTON, Ont. ― Hudson’s Bay Co. says it is seeking “strategic alternatives” for the Lord & Taylor banner, with the option of a sale or merger on the table. The company has hired financial advisor PJ Solomon to lead a review of the banner’s assets. “Over the last year, we’ve taken bold actions and made fundamental fixes that have resulted in a far stronger, more capable HBC,” said CEO Helena Foulkes, “having returned to positive operating cash flow, increased profitability and strengthened the balance sheet.” Co-working space landlord WeWork bought Lord & Taylor’s Fifth Avenue flagship location two years ago, and HBC has already announced plans to close up to 10 more locations. The company announced in February it would wind up the Home Outfitters banner in Canada and shutter some 20 Saks Off Fifth outlets in the U.S.
HBC eyes options for Lord & Taylor, including possible sale
Most Recent
Most Read
Canadian Chamber of Commerce responds to threat of 35 percent tariffs from Trump
Mon, July 14th, 2025
Trump threatens 35 percent tariffs on Canadian goods
Fri, July 11th, 2025
Westcap acquires Darmac Framing Systems through portfolio company
Fri, July 11th, 2025
Richelieu posts Q2 financials
Fri, July 11th, 2025
RONA unveils 2024 sustainable activities
Thu, July 10th, 2025
Throwback Thursday: 25 years ago Canadian Tire launched its "Radio Days" summer promotion
Thu, July 10th, 2025
RONA Foundation supports Canadian non-profits
Wed, July 09th, 2025
Dealer News looks at Hardlines Conference, Home Depot acquisition
Wed, July 09th, 2025
BMR and Pierre Naud continue Quebec expansion
Tue, July 08th, 2025
RONA raises $365,000 for the Fondation Charles-Bruneau
Tue, July 08th, 2025