Lord & Taylor Launches New Store to Compete with Nordstrom Rack

Looking to compete with the Nordstrom Racks and Saks Off 5ths of the world, Lord & Taylor is launching its first off-price store, Women's Wear Daily reports. The new "Find @ Lord & Taylor" shops will offer a selection of women's, men's, kid's, footwear and home products that have been marked down 70 percent. Lord & Taylor hopes that the sprawling 30,000 square foot stores will attract a younger audience with its lower prices.