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April 30, 2008
L&T Revamps Stores, Considers New Markets
Lord & Taylor has laid out plan to expand into new categories and markets. The retailer is hoping to convert 100,000 square feet of its New York flag ship into a home furnishings department featuring Fortunoff home shops and jewelry. It’s also opening 47 Fortunoff jewelry departments in its stores in February.
At the same time, L&T is looking for ways to expand abroad, and is said to be considering a licensing model. While no deals are in the works yet, the company said that several groups have shown interest in partnering in international markets.
Posted by Blacks on April 30, 2008 08:26 AM
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