TORONTO — Who says you can’t teach old dogs new tricks? Hudson’s Bay Co. is out to prove you can at two of North America’s oldest department stores, The Bay and Lord & Taylor.
The two retailers are 342 and 186 years old, respectively, and have long been the poster children for department store dinosaurs. But that’s changing, as HBC develops brand partnerships, renovates both chains, rethinks Lord & Taylor as an expansion vehicle, advances private brands, and right-sizes assortments to favor fashion, food and shoes over furniture and home products.
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