Lord & Taylor may be put on the block soon

NEW YORK (AP) — Lord & Taylor, one of the country’s oldest department stores, may be put up for sale.
Hudson’s Bay, which owns Lord & Taylor and Saks Fifth Avenue, said Monday that it hired a financial adviser to review Lord & Taylor’s business and that the process may lead to a sale or merger.
Lord & Taylor traces its origins to more than 190 years ago, when it was founded as a dry goods store in 1826. The store has had several owners. It was acquired by