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Lord & Taylor Announces New Store to Open at Crossgates Mall in Albany, New York

August 12, 2013 – New York, NY – Lord & Taylor, a division of Hudson’s Bay Company, today announced its plans to open a new full-line store at the Crossgates Mall in Albany, New York in Fall 2014. The new store will be the retailer’s 12th location in New York state. The company will begin construction on its newest location in January 2014.

“Lord & Taylor is thrilled to be expanding into the Capital region with its’ 4th full-line store in upstate New York,” said Eileen DiLeo, EVP, Stores of Hudson’s Bay Company, the parent of Lord & Taylor. “We believe Lord & Taylor’s assortment of approachable fashion is perfect for the Albany market. We have high expectations for the store and are looking forward to serving the community.”

The new 100,000 square-foot store will carry a well-edited assortment of premier designers in all product categories, including: women’s ready-to-wear, shoes, accessories, beauty, and men’s. The two-level building will feature the company’s newest store design, offering customers a modern and enhanced shopping experience.

“We are proud to welcome Lord & Taylor to Crossgates Mall,” said Joseph Castaldo, General Manager. “This premier fashion retailer will significantly add to the shopping experience for Crossgates Mall and the Capital Region. Our shoppers continually ask us to bring only the best and most exciting retailers to Crossgates Mall, and we’ve accomplished that again with Lord & Taylor. This addition to the center further solidifies the mall’s position as the dominant shopping center in the region.”

About Lord & Taylor
Lord & Taylor is an upscale specialty department store that has built a reputation for attentive customer service and high-quality merchandise focused on apparel and accessories. Founded in 1826, Lord & Taylor is America’s oldest department store and one of America’s premier retailers. Today, Lord & Taylor operates 48 full-line stores in ten states and the District of Columbia, four Lord & Taylor outlet stores and lordandtaylor.com, the company’s online store.
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About Hudson’s Bay Company
Hudson’s Bay Company, founded in 1670, is North America’s longest continually operated company and is a leading retailer offering a wide selection of branded merchandise in Canada and the United States through its three banners. In the United States, HBC operates Lord & Taylor, a fashion department store with 48 full-line store locations throughout the northeastern United States and in two major cities in the Midwest. In Canada, HBC operates Hudson’s Bay, Canada’s largest national branded department store with 90 locations. HBC also operates Home Outfitters, a kitchen, bed and bath superstore with 69 locations. With approximately 29,000 associates in Canada and the U.S., Hudson’s Bay Company banners provide stylish, quality merchandise at great value and with a dedicated focus on exceeding customers’ expectations. The Hudson’s Bay Company trades on the Toronto Stock Exchange under the symbol “HBC”.

About Pyramid Management Group, LLC
Pyramid Management Group, LLC, headquartered in Syracuse, NY, is the largest, privately owned shopping center owner and developer in the northeast. The portfolio consists of 17 properties in New York and Massachusetts. With over 40 years of continued innovation, their ongoing success can be attributed to the unique combination of geographically centered sites, tremendous highway visibility, and an unmatched mix of new and exciting retailers. Additional information regarding Pyramid can be found at www.pyramidmg.com.

About Crossgates Mall
Crossgates Mall is the Capital Region’s premier shopping, dining and entertainment destination offering an impressive selection of national brands and the newest retail concepts. The center is anchored by Macy’s, JCPenney, Dick’s Sporting Goods, Best Buy, Forever 21, Burlington Coat Factory and Regal Cinemas & IMAX. Offering more than 200 retail shops, including Apple, Coach, Pottery Barn, Williams-Sonoma, J.Crew, Ann Taylor, Banana Republic and many others. In addition, this year we’ll be adding Dave & Busters and Texas de Brazil to our dynamic tenant mix. Additional information regarding Crossgates Mall can be found at www.shopcrossgates.com, facebook and twitter.

Media Contact:
Shelby Walsh
shelby@lividini.com
646.443.2063