Renovations at Lord & Taylor’s Fifth Avenue flagship are back on and in a big way.
The company will invest $40 million over a 12- to 18-month period beginning in January to renovate floors two to nine, Richard Baker, the chief executive officer of Hudson’s Bay Co., told WWD Tuesday as the Canadian retail group reported a $2 million net loss for the third quarter. The total renovation tab, according to sources, could be as high as $70 million to $75 million figuring in vendor contributions.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)