Lord & Taylor to open Boca Raton store

TRD MIAMI /
Oct.October 17, 2011 12:46 PM

New York-based retail chain Lord & Taylor is gearing up to open three new stores in the next year, the New York Post reported.

New locations will include an 80,000-square-foot store at Ridge Hill, a lifestyle center in Yonkers, a 120,000-square-foot store in Rockingham, NH, and an 80,000-square-foot store in Boca Raton, Fla., at Mizner Park.

The move to open more stores comes as a surprise since Lord & Taylor’s owner, Canada-based Hudson’s Bay Co., called off plans earlier this month to launch an initial public offering on the Toronto Stock Exchange.

While Hudson’s Bay isn’t in any financial difficulties, its owner and chairman, Richard Baker — a New York real estate mogul who purchased Lord & Taylor as a property investment — is eager to launch the IPO next year, the Post said.

“To pull off an IPO, they do need to show some growth,” says Charles Grom, a retail analyst at Deutsche Bank Securities. [Post]


Related Articles

arrow_forward_ios
SoFla lease roundup: Logistics company inks lease in Hialeah Gardens & more

SoFla lease roundup: Logistics company inks lease in Hialeah Gardens & more

National Cheat Sheet: Newmark seeks $100M IPO, WeWork bags Lord & Taylor iconic Fifth Avenue flagship for $850M … & more

National Cheat Sheet: Newmark seeks $100M IPO, WeWork bags Lord & Taylor iconic Fifth Avenue flagship for $850M … & more

WeWork buys Lord & Taylor flagship for $850M for new world headquarters

WeWork buys Lord & Taylor flagship for $850M for new world headquarters

South Florida lease roundup: One Biscayne Tower scores 65,000 sf of leases & more

South Florida lease roundup: One Biscayne Tower scores 65,000 sf of leases & more

Related wants to build its first Boca project at Mizner Park

Related wants to build its first Boca project at Mizner Park

Owner ends effort to sell part of Mizner Park in Boca

Owner ends effort to sell part of Mizner Park in Boca

Junior’s of NY, Louie Bossi’s coming to Boca Raton

Junior’s of NY, Louie Bossi’s coming to Boca Raton

Placeholder image

Cheese Course expanding to Plantation

arrow_forward_ios