After almost 93 years, Loehmann’s is closing all 39 of its remaining clothing department stores around the country, including two in Atlanta. Liquidation sales begin tomorrow, Jan. 9, at 2480 Briarcliff Road and at 120 Perimeter Center Place. Both stores will maintain their normal business hours during this special sale. Cash and major credit cards will be accepted.
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.
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 online shopping. In November, Loehmann’s tried to sell its business as a going concern, but was unable to secure meaningful bids. On Dec. 15, 2013, Loehmann’s filed for Chapter 11 bankruptcy protection for the third time in its history.
For more, visit loehmanns.com.