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Lord and Taylor Launches Off-Price Format

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Off-price stores are having their moment and Lord & Taylor is throwing its hat in the ring—the retailer announced Monday that it’s launching it’s own discount store concept called Find @ Lord & Taylor.

The move follows Macy’s recent launch of its Backstage stores and accelerated efforts by Saks and Nordstrom to expand their own discount formats. And with off-price retailers expected to outperform the overall apparel sector for the next five years, these brands could be wise to capitalize on the cost-conscious consumer market.

Read more at Sourcing Journal.