Lord & Taylor Goes Home
By David Gill Last month saw the grand openings of Lord & Taylor Home's first two stores, in Paramus and Shrewsbury, N.J.--marking what could be the most dramatic development in the home specialty -retail segment in many years. The Paramus Lord & Taylor Home is located adjacent to the full-line Lord & Taylor department store in the Fashion Center mall . The Shrewsbury store sits three miles away from the Lord & Taylor store in the Monmouth Mall. Both stores measure about 22,900 square feet. The merchandise on offer encompasses a variety of product categories in housewares, home textiles and tabletop. The new format is being positioned as somewhat upscale from Bed Bath & Beyond. "Lord & Taylor Home is a natural extension of the Lord & Taylor brand because it is about style, inspiration, color and entertaining," said Brendan Hoffman, president and CEO of Lord & Taylor. "The product offering is high-quality, trend-right merchandise fo...