topic Lord & Taylor Notice in Community Chat

Lord & Taylor Notice

Pecky — Wed, 28 Aug 2019 20:48:12 GMT

I received an email stating they are now partnered with Le Tote a rental subscription service. Does this mean they will now be renting clothing, accessories etc..?

Re: Lord & Taylor Notice

wildlifewitch — Wed, 28 Aug 2019 21:17:19 GMT

@Pecky Good question. I'm surprised they sold it for 75 million.I would've thought higher. Hm..

Re: Lord & Taylor Notice

FrostyBabe1 — Wed, 28 Aug 2019 21:24:30 GMT

It's $75 million cash now, another $25 million in two years, and HBC will retain a shareholder stake in Le Tote.

https://www.usatoday.com/story/money/2019/08/28/lord-and-taylor-sold-le-tote-100-million/2139886001/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatoday-newstopstories

Re: Lord & Taylor Notice

Greeneyedlady21 — Wed, 28 Aug 2019 21:56:07 GMT

Many stores are starting rental services. Banana Republic, Macys are two I can recall.

Re: Lord & Taylor Notice

SahmIam — Thu, 29 Aug 2019 01:06:55 GMT

I received the notice and at first, thought they had been bought out by Le Tote. They've partnered with them.

If you go to the L&T site, there is a place that you click to shop a "new way". It offers you the ability to customize your favorite accessories, request specific items, have them shop for you to pull together a complete outfit/wardrobe based on what you specify. Le Tote has only been around for 6 years or so....all about e commerce and accessorizing a persons' look.

We'll see how long this lasts.

Re: Lord & Taylor Notice

Jasmine19 — Thu, 29 Aug 2019 15:08:40 GMT

I saw a piece on the Today Show about a service called Rent the Runway. They showed the process returned clothing goes through before it is rented again. There was a woman sniffing the clothing before it went to dry cleaning. I wish QVC would do this! I’ve received several items that reeked of perfume or body odor over the years.