Sign of Times
When I was riding the elevator up to my WeWork office, I saw a headline flash across the screen that Hudson's Bay Company was selling the iconic Lord & Taylor's century-old flagship luxury department store on Fifth Avenue in Manhattan for $850M. And guess who the acquirer was? That’s right, WeWork; it will be converting the store into its new global headquarters. And apparently WeWork will also be leasing space within some of Hudson's Bay Company's department stores in Canada, including the flagship store on Queen Street in Toronto (financialpost.com).Target provides its customers everyday essentials and merchandise. The company sells an assortment of general merchandise and food. The majority of the company's general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's small format stores provide curated general merchandise and food assortments. The company's digital channels include merchandise assortment, including various items found in its stores, along with a complementary assortment. The company also sells merchandise through periodic design and partnerships. The company's owned brands merchandise include: A New Day?, Archer Farms?, Art Class?, Ava & Viv?, Cat & Jack?, and Cloud Island?, among others.
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