Lord & Taylor To Relaunch Online, With Help From RTW Retailwinds

In April, Lord & Taylor will be back in business, online only, to be known as “America’s Collective Store,” according to an emailed press release Thursday from new owner The Saadia Group. The investment firm won the intellectual property of the iconic department store and its newish owner, rental site Le Tote, at an October bankruptcy auction with a bid of $12 million. (The Saadia Group didn’t share its plans for Le Tote.) Read more at Retail Dive.