“This review of strategic alternatives for Lord + Taylor is another example of how we are exploring options to position HBC for long-term success,” said Helena Foulkes, HBC’s chief executive officer. “Over the last year, we’ve taken bold actions and made fundamental fixes that have resulted in a far stronger, more capable HBC, having returned to positive operating cash flow, increased profitability and strengthened the balance sheet.”
HBC has been simplifying its organization, strengthening its retail operations and unlocking the value of its real estate. The company is also focused on improving its cost structure while making strategic investments in technology and digital capabilities, marketing and stores.
“Lord + Taylor is a storied brand that has stood for quality, style and service for many years and serves a highly engaged, loyal customer base through a dedicated team of associates. Throughout the review, Lord + Taylor remains committed to serving customers across our stores and digital channels,” Foulkes continued.
HBC has retained PJ Solomon as its financial advisor for the review of the Lord + Taylor operating business and the company is committed to working through it as efficiently as possible. (RR)
Fibre2Fashion News Desk – India
| On 23rd Jul 2021
Peru's official ratification of the Comprehensive and Progressive...
| On 23rd Jul 2021
Bangladesh will stay resilient, continue to attract foreign direct...
Japan’s imports of clothing and accessories increased by 4 per cent...
India-EU FTA will provide EU with better access to a huge & rapidly...
Uniform designing is a numbers game
Water use efficiency remains relatively unexplored
Trützschler, one of the world's leading textile machinery manufacturers,...
A part of the Italy based multinational company Artsana Group, Chicco is...
Mumin Can Eker
Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...
MIP is a manufacturer and distributor of high-performance textiles and...
German company Dilo Group is one of the leading equipment suppliers of...
From May 14 to 17, international exhibitors will present the entire...
Megha Kumari & Jigar Mali
Label Megha & Jigar
New Delhi based label Megha & Jigar blends India's unique handcrafts...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.