Thursday August 29 2019
Gee I thought Lord and Taylor was an upscale retailer. Turns out the remaining 38 stores
are being sold for $100 M by Toronto based Hudson's Bay to Le Tote, a clothing rental company
The idea is that shoppers return rented clothes to the Lord and Taylor shop and pick up another set.
For decades dept stores have fought the idea of women returning fancy clothes after wearing them once to a party.
I guess this is a way to simply legitimize that practice.
Professor Elam 
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