Loehmann’s, Legendary Discount Retailer, Will Reopen as an Online Store
Loehmann's will live again … but this time you won't have to worry about elbowing your way through the communal dressing room to get those bargains on designer clothing. The beloved department store, which went bankrupt in late 2013, will return as an online retailer in May, WWD reported Tuesday. Esopus Creek, a private equity fund, bought the fabled off-price name after the bankruptcy. The last Loehmann's closed in February. Loehmann's, with its low prices and shared dressing rooms, was a successful brick-and-mortar department store since its founding in 1921, peaking in 1999 with 100 stores nationwide.