Lord & Taylor, Stein Mart, Pier 1 Imports and Motherhood Maternity don’t have physical stores in their future, but their new owners are betting they can unlock value from these well-known brands by recasting them as e-commerce players.

A handful of brand-acquisition and licensing companies are hoping the growth in online shopping that helped drive a record number of retailers into bankruptcy this year will also play a role in resurrecting these repackaged brands into online-only businesses.

Investors…

This post first appeared on wsj.com

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