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Iconic but troubled Lord & Taylor sold to clothing rental subscription company Le Tote

Chris Isidore Nathaniel Meyersohn
By Chris Isidore and Nathaniel Meyersohn, CNN Business
Updated 1:14 PM EDT, Wed August 28, 2019
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A Kohl's Corp. store stands in Concord, California, U.S., on Tuesday, Feb. 24, 2015. Kohl's Corp. is expected to release earnings figures on Feb. 26. Photographer: David Paul Morris/Bloomberg via Getty Images
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Kohl's needs to reinvent itself. Are Aldi and Amazon the key?
01:25 - Source: CNN Business