Lord & Taylor just announced that it will re-enter the Florida market with an 80,000 square foot store in Boca Raton at Mizner Park. The store will open September 2013 and will anchor the upscale outdoor shopping center that includes such luxury retailers as Jaeger-Le Coultre and Van Cleef & Arpels.
Lord & Talor has been in expansion mode lately, owned by Canadian-based Hudson’s Bay Company. Company president Bonnie Brooks states “Everyone at Lord & Taylor is thrilled to be re-entering the Florida market with a full-line store”.
Lord & Taylor once had several Florida locations, all of which closed in 2006 during rougher retail times for the company. Fortunes have since turned for the better at Lord & Taylor, led partly due to the obliteration of various American department stores by Macy’s Inc.. Once Macy’s shuttered the Marshall Field’s chain, for example, sales at Lord & Taylor stores in Chicagoland soared.
Watch for Lord & Taylor to break into the world of high-fashion, including such designers as Balmain and Erdem. Changes are already underway at the Manhattan flagship store, including the addition of Herve Leger women’s clothing, among other designers.
Lord & Taylor website: http://www.lordandtaylor.com
Mizner Park website: www.miznerpark.com
Hudson’s Bay Company website: www.thebay.com