Loehmann's History
Earlier company descriptions, brand line-ups, store counts and photographs from the history of Loehmann's, kept for historical reference.
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The Company Description of Its Time
This page opens, in the historical record, with bankruptcy news, and the news is kept with its date rather than turned into a verdict. Loehmann's has recorded for bankruptcy and plans to liquidate its business: Loehmann's Holdings filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Manhattan on Sunday, December 15, 2013, indicating in filings that it planned to sell its remaining assets in an auction subject to the court's approval. The New York-based retailer, which had 39 stores and its online operations, said in a statement that its business was affected by increased competition in the off-price retail niche and limited access to capital. SB Capital Group, Tiger Capital Group and A & G Realty Partners had agreed to make an initial bid of $19 million for the assets, according to court documents, with the auction expected to begin December 30 and court approval in early January. This profile asserts nothing beyond that dated filing report.
The Off-Price Model and the Back Room
The operating portrait begins with longevity: more than 87 years after opening its first off-price apparel store in Brooklyn, New York, Loehmann's continues to distinguish itself as a preeminent, upscale, off-price specialty retailer for name brand designer fashions. Couture and designer fashions plus current, in-season merchandise and frequent new arrivals, all at prices 30 percent to 65 percent less than department store prices, serve as hallmark features, attracting generations of fashion-savvy women and men. Store departments include ladies' sportswear, dresses, career and casual collections; shoes; accessories including handbags and jewelry; plus men's, juniors and children's. The designer names in the filing include Calvin Klein, Diane Von Furstenberg, Kenneth Cole, Dolce & Gabbana, Valentino, Nicole Miller, Anne Klein, Donna Karan and Michael Kors.
Its famous room gets its own paragraph in the historical record. Loehmann's continues to feature its famous Back Room, where shoppers are privy to a select yet ever-changing and surprising array of high-end designer and couture clothing at lower prices; the thrill of getting a deal on something special and unique is, the filing says, as exciting today as when Frieda Loehmann started the company in 1921. Around that room sat the service layer: more than 60 stores in 16 states in the portrait's period, a large flagship in Manhattan and one in Beverly Hills, a Size Search in-store service that helps find and ship appropriate-sized items, free personal shopping in select large stores, and an Insider Club giving members extra savings, advance sale notice and designer arrival updates, with Insider Club Gold members receiving 10 percent off purchases every day for a low annual fee of $25.
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