By  on November 15, 2011

With his department stores on the upswing, Richard Baker, chairman of the Hudson’s Bay Co., continues to bet on the format.

“We have recently invested $3 million to open two new Lord & Taylor Home stores, a natural extension of the Lord & Taylor brand,” Baker said at the summit. “If we get this right, we could have a $1 billion opportunity” to roll out the format.

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