25 years shopping thrift stores, estate, garage, rummage, flea markets and tag sales. 10 years in interior design. Current DIY projects have been renovating two turn-of-the century brownstones and commercial/residential property development. 
(4.33 out of 5)Bargain Banter
June 23rd, 2006 by markdownmomThe New York Times© reported on Thursday, the sale of Lord & Taylor™ stores to NRDC Equity Partners™ for 1.2 Billion. Lord & Taylor has been in business for 180 years, the owner and seller is Federated Department Stores that also own Macy’s™ and Bloomingdales™. The current 50 stores chain is not expecting to close any stores at this time, but may reduce the overall square footage of its New York flagship, making available valuable real estate property. NDRC is presently closing Marshall ™in Chicago and Hecht’s™ in Washington reopening as Macy’s stores. Reportedly,Richard Baker, president of NRDC sees the acquisition as a means to broaden the base of Lord & Taylor and "…consolidation equals less competition."
Along the same lines, Filene’s™ has been acquired by Macy’s. What this means for consumers is hard to say. It has been a tough year for retailers and consolidation can be the way of surviving these economic times, but less competition is not a good thing for bargain hunters.
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