It's good that Westfield came up with plans to reconfigure the empty Lord and Taylor so quickly. I still wish that they could've lured Von Maur or Parisian (which is being purchased from Saks Inc. by Belk Department Stores) to that space. Each chain has been gradually entering similar Midwestern markets.
Since Federated sold the former STL L&T stores to the mall owners, I suppose they had no control over who located in each spot, unless there was some sort of provision as a condition of the sale. However, I'm not sure.
I know that in the mid-Atlantic states, Boscov's is taking over a few duplicate mall stores as Hecht's and Strawbridge's are merged into Macy's. And on the West Coast, Federated is converting some former Robinson's-May locations into Bloomingdale's. I don't know for sure, but I suppose the sluggish performance of the L&T stores here prompted Federated to pass on that option for now, even though I still think Bloomie's could make a go of it here, at least one location.
I agree with stlmizzoutiger, as I believe May shot off its own foot with constant sales and its reliance on coupons to generate store traffic. Any brand equity Lord and Taylor had was squandered. IMHO Lord and Taylor, along with Marshall Fields, could've been used to redefine May Company, but May didn't own Field's for long and overpaid for it in the first place. And Federated's offer to buy was too good for May brass to refuse after years of general mediocrity.
At least Westfield is using the opportunity to bring more unique businesses and restaurants to the area. Frankly, I wish H&M could move to a larger location in this part of the mall, since this is the only location with men's clothing (and the selection could still be much better).
Since Federated sold the former STL L&T stores to the mall owners, I suppose they had no control over who located in each spot, unless there was some sort of provision as a condition of the sale. However, I'm not sure.
I know that in the mid-Atlantic states, Boscov's is taking over a few duplicate mall stores as Hecht's and Strawbridge's are merged into Macy's. And on the West Coast, Federated is converting some former Robinson's-May locations into Bloomingdale's. I don't know for sure, but I suppose the sluggish performance of the L&T stores here prompted Federated to pass on that option for now, even though I still think Bloomie's could make a go of it here, at least one location.
I agree with stlmizzoutiger, as I believe May shot off its own foot with constant sales and its reliance on coupons to generate store traffic. Any brand equity Lord and Taylor had was squandered. IMHO Lord and Taylor, along with Marshall Fields, could've been used to redefine May Company, but May didn't own Field's for long and overpaid for it in the first place. And Federated's offer to buy was too good for May brass to refuse after years of general mediocrity.
At least Westfield is using the opportunity to bring more unique businesses and restaurants to the area. Frankly, I wish H&M could move to a larger location in this part of the mall, since this is the only location with men's clothing (and the selection could still be much better).















