Wal-Mart to sell Lord & Taylor goods on Walmart.com

21

Wal-Mart Stores Inc.












WMT, +0.08%










said late Monday that department store Lord & Taylor will sell its goods on Walmart.com next year. The online store is expected to launch in spring of 2018, and “will introduce a specialized online experience offering premium fashion brands directly from the Lord & Taylor flagship,” Wal-Mart said. The goal is to create “a premium fashion destination on Walmart.com,” as more customers on the company’s site are searching for higher-end items, said Denise Incandela, head of fashion at Walmart U.S. eCommerce, in a press release. Lord & Taylor is owned by Canadian retailer HBC












HBC, +0.09%










which also owns Hudson’s Bay and Saks Fifth Avenue stores. Wal-Mart shares rose 0.3% in after-hours trading after ending the regular session up 0.1%.

Source