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Loehmann's going out of business; sale starts today

Linda Miller Modified: January 9, 2014 at 9:40 am •  Published: January 9, 2014
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PRNewswire – After almost 93 years, Loehmann’s, the premier upscale off-price specialty retailer that originated the concept, is closing its doors for good.

The company’s “going out of business sale” started today in each of Loehmann’s 39 locations in 11 states and the District of Columbia.  More than $65 million of current in-season inventory and new arrivals from many of the top designer names will be liquidated during the sale.

Loehmann’s began operating in 1921 when Frieda Loehmann opened the first store in Brooklyn, N.Y.  Loehmann made her rounds to designer’s showrooms, buying their overstocks, cancellations and samples at a fraction of the original wholesale price.  A trendsetter at a time when women rarely assumed that role, Frieda Loehmann’s forward thinking and innovative approach to retail set the standard for what became an entire industry.

The “Back Room” was a Loehmann’s exclusive, featuring American and European designer selections from the best names in the business, all at bargain prices.  The legendary Back Room was a favorite fashion destination for generations of stylish women. 

Loehmann’s even had a store in Oklahoma City, near Memorial and Portland, many years ago. It was before that area had really developed and I’m not sure the store caught on with the masses.

More recently, declining economic conditions in the retailer’s key markets of California, New York, Florida and the Midwest adversely affected Loehmann’s operations. The company’s performance was also impacted by intense competition from other off-price and outlet retailers, as well as the e-commerce channel. In November, Loehmann’s tried to sell its business as a going concern, but was unable to secure meaningful bids. On December 15, 2013, Loehmann’s filed for Chapter 11 bankruptcy protection for the third time in its history.

Loehmann’s stores are located in Connecticut, New York, New Jersey, Maryland, Virginia, Georgia, Florida, Michigan, Illinois, Texas, California and the District of Columbia. For a list of locations, go to: http://www.loehmanns.com/locationEventMapping.aspx. All stores will maintain their normal business hours during this special sale. Cash and major credit cards will be accepted.



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