With news today about NRDC Equity Partners purchasing The Hudson Bay Co., the national retail landscape is about change, especially where designer fashion is concerned. NRDC purchased Lord & Taylor in 2006 – the historical U.S. fashion department store chain – and it seems to be thriving under their ownership.
I for one was very disappointed when The Bay moved into American hands a couple years ago but since it’s already there, I have no problem with it being in the hands of a company that has the potential to provide fashion-conscious shoppers with options at affordable price points. Speculation is it will give Holt Renfrew a run for its money. Could be interesting...
I love the purple merino sheath dress (pictured) Lord & Taylor is showing for fall and it seems like good value at $144. There’s also speculation about Fortunoff - also part of the Lord & Taylor-NRDC family joining the mix in the Great White North.
As for whether or not they should change the name to Lord & Taylor, I’m not sure. The Hudon Bay Co. represents such an imporant part of Canadian history, I’d hate to see it go.
Whether or not I’ll get my wish, only time will tell. What do you think?