Federated Is Seeking Buyer for Lord & Taylor Stores - New York Times

Federated Is Seeking Buyer for Lord & Taylor Stores - New York Times: "Moreover, Lord & Taylor's traditional customers are more affluent and contemporary than the typical Macy's shopper, yet not nearly as well-heeled and trendy as Bloomingdale's devotees. Since they do not fit neatly into the demographic groups that Federated is concentrating on, many retail analysts viewed a Lord & Taylor sale as inevitable."