Earlier this year, subscription apparel rental startup Le Tote surprised the retail world by acquiring storied luxury retailer Lord & Taylor from Hudson’s Bay Co. for $100 million, including 38 store locations, its digital channels, inventory, data and technology. Then in another bold move, the company announced this week Lord & Taylor’s physical return to New York in the form of a holiday popup store.
Le Tote also has plans to modernize Lord & Taylor’s assets, including integration with Le Tote’s rental business to drive upselling. Behind the scenes, retail industry veteran Robert Escobar has signed on to help Le Tote create a roadmap for a supply chain makeover in order to meet its business objectives. To learn more about what’s in the works, we caught up with Robert in an MCM CommerceChat podcast interview.
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