Wednesday, December 17, 2014

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Discount Retailer Loehmann's Closes For Good

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TWC News: Discount Retailer Loehmann's Closes For Good
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Wednesday marked the end of the line for Lohemann's.

The struggling discount chain was open for more than 90 years, but it started liquidating its inventory last month after failing to find a buyer.

Loehmann's blamed its financial woes on the economy and on competition from other clothing stores.

"They had all this wonderful European designer clothes," said one person. "I mean, myself and all my friends, we feel like we're going to mourn. We're morning the death of yet another store."

"I'm kind of sad, but I'm also great because you get deals," said another. "It's all about the deals."

"I've done a lot of business here and done a lot of shopping, and they're going to be greatly missed, trust me," said a third.

The original Loehmann's opened in Brooklyn in 1921.

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