Lord & Taylor's New Strategy Sums Up Retail in 2017

The department store will sell through Walmart, which would be surprising, only it's not. This story originally appeared in Racked's daily newsletter. Want more news from Racked? Sign up for our newsletter here. This year began with a tidal wave of mall brand bankruptcies and store closures, the casualties of a major shift taking place in retail. It's coming to a close with a consolidation of power, as traditional brick-and-mortar retailers forge partnerships with shopping's most aggressive forc...