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Lord & Taylor may go up for sale

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Canadian retail operator Hudson's Bay announced Monday it may seek a sale of its Lord & Taylor department store chain.

Lord & Taylor has some 40 stores in the U.S., mostly on the East Coast. It had $1.4 billion in 2018 revenue.

Hudson's Bay officials signaled plans to invest in its better-performing businesses Saks Fifth Avenue and Hudson's Bay.

Read more from CBS News.


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