Lord & Taylor Plans First New Store In Over A Decade
Filed under: Luxury Shopping
A little bright spot of news in the department store world this week. Crain's is reporting that Lord & Taylor will open its first new department store in nearly a decade. It last opened a store in Alexandra, Virginia in 2001. The company is planning an 80,000-square-foot bi-level location debuting in 2012, as part of the Ridge Hill complex in Yonkers, New York. The Ridge Hill center will also be home to a Whole Foods grocery store, L.L. Bean, Sephora and The Cheesecake Factory. The shopping center in Westchester County is designed like many others recently to have a main street/small town feel. In addition to shopping and dining, there will be a village green that will have entertainment, fountains and a firepit. The complex will also include office and research facilities as well as up to 1,000 apartments some of which are earmarked or over-55 active adults and others which will be low-income affordable units
Lord & Taylor, which is owned by Hudson's Bay Trading Co., also recently announced that it is entering the competitive world of outlet shopping.
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