Loehmann's was an American retail company which started as a single store in Brooklyn, New York and grew to a chain of off-price department stores in the United States . The chain was best known for its "Back Room", where women interested in fashion could find designer clothes at prices lower than in department stores. While the largest portion of its client base was historically women, the chain also offered shoes, accessories, and men's clothing.
20-553: Loehmann's filed for bankruptcy in December 2013 and liquidation sales began January 8, 2014. Once the merchandise was liquidated, all stores were closed and Esopus Creek, the private equity fund which had bought the rights to the Loehmann's name, continued to operate the company as an online retailer. On August 4, 2018, loehmanns.com ceased operations after a period of showing an "under construction" page. In 1921, Frieda Loehmann ,
40-481: A former department store buyer, and her son Charles, opened the first Loehmann's store in a former automobile showroom on the northwest corner of Bedford Avenue and Sterling Place in Brooklyn, New York . She bought seasonal overstocks from top New York designers and sold them at bargain prices. Frieda refused to expand into additional stores, but her son opened a second store, also called Loehmann's, on Fordham Road in
60-632: A thoroughfare on the West Side of the borough of Manhattan in New York City. It is southbound below the park and a two-way street north of it. Seventh Avenue originates in the West Village at Clarkson Street, where Varick Street becomes Seventh Avenue South (which becomes Seventh Avenue proper after the road crosses Greenwich Avenue and West 11th Street ). It is interrupted by Central Park from 59th to 110th Street . Artisans' Gate
80-465: Is served by the 1 , 2 , and 3 trains for most of its length, with N , Q , R , and W service between 42nd Street and Central Park South . The Seventh Avenue station also serves the B , D , and E trains. North of the park, Powell Boulevard is served by the Harlem–148th Street on
100-493: Is the 59th Street exit from Central Park to Seventh Avenue. North of Warriors' Gate at the north end of the Park, the avenue carries traffic in both directions through Harlem , where it is called Adam Clayton Powell Jr. Boulevard. Addresses continue as if the street was continuous through Central Park, with the first block north of the park being the 1800 block. The United States Postal Service delivers mail using either street name. As
120-668: Is the case with " Sixth Avenue " and " Avenue of the Americas ", long-time New Yorkers continue to use the older name. The street has two northern termini; an upper level terminates at the western end of the Macombs Dam Bridge , traveling over the Harlem River , where Jerome Avenue commences in the Bronx . A lower level continues a bit further north and curves into the lower level of West 155th Street . Seventh Avenue
140-452: The 3 train, and the 155th Street station on the B and D trains. It is also served by numerous local MTA New York City Bus routes downtown, with uptown buses on 8th Avenue unless specified below: South of 14th Street Seventh Avenue is a major thoroughfare in the West Village . The now dismantled St. Vincent's Hospital was a main downtown hospital on Seventh Avenue and 11th Street. Running through
160-513: The Garment District (which stretches from 12th Avenue to 5th Avenue and 34th Street to 39th Street), it is referred to as Fashion Avenue due to its role as a center of the garment and fashion industry and the famed fashion designers who established New York as a world fashion capital. The first, temporary signs designating the section of Seventh Avenue as "Fashion Avenue" were dual-posted in 1972, with permanent signs added over
180-523: The 77-unit chain to an investor group led by a Spanish concern, Sefinco Ltd., and the Sprout Group, a division of Donaldson, Lufkin & Jenrette . The company was taken public again in May 1996. At its peak in 1999, the company had approximately 100 stores in 17 states. In May 1999, Loehmann's declared Chapter 11 bankruptcy . It emerged from bankruptcy protection on September 6, 2000. In 2004, it
200-624: The Bronx in 1930, using the same sales strategy. Frieda continued to run the original store, buying the building and moving into living quarters above it. Soon after her death in 1962, the Bedford Avenue store was closed, and the Charles C. Loehmann company went public and began to expand to a wider area. Loehmann's was acquired by Associated Dry Goods in 1983. In 1986, The May Department Stores Company merged with Associated Dry Goods. Two years later, May Department Stores Company sold
220-533: The Loehmann’s site at Seventh Avenue and 16th Street in Chelsea . It is the same building where Barney Pressman started his discount men’s business in 1923. Loehmann's began its final going-out-of-business sale at all stores on January 8, 2014, and continued to close its stores, and consolidate its remaining merchandise at its remaining stores during the liquidation process until the remaining stock had been cleared by
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#1732794447850240-493: The age of 19 and the pair married in the early 1890s. After his flute-playing career ended due to lip paralysis, he opened a haberdashery and Frieda had her first experience merchandising. The business did well at first, but went into bankruptcy following a move. In 1916, Frieda took a buying job in New York and the family moved to Brooklyn. She got the idea to sell samples and surplus apparel at discount prices and in 1920 started
260-399: The closing of eight stores. By the end of February 2011, Loehmann's emerged from bankruptcy protection. New York-based Loehmann's said it secured $ 45 million in financing while saying its restructuring eliminated $ 110 million in long-term bond debt, $ 14 million in interests and included $ 23 million in other cost reductions. On December 16, 2013, Loehmann's filed for Chapter 11 bankruptcy for
280-621: The commercial district in what is now TriBeCa . It also permitted construction of the New York City Subway IRT Broadway ;– Seventh Avenue Line which opened in 1918. Extension of the avenue was under consideration for several years, and was approved by the New York City Board of Estimate in September 1911, when the first $ 3 million appropriation was made for the initial planning of
300-447: The first Loehmann's store in their Brooklyn home. Loehmann purchased odd lots, samples, and overstock from fashion houses on Seventh Avenue . The business eventually earned $ 3 million per year. Loehmann had three children, Charles, Marjorie, and William. Seventh Avenue (Manhattan) Seventh Avenue —co-named Fashion Avenue in the Garment District and known as Adam Clayton Powell Jr. Boulevard north of Central Park —is
320-583: The liquidator. Loehmann's closed its last store on February 26, 2014, and moved into online-only retailing from that date. Notes Further reading Frieda Loehmann Frieda Loehmann (1873–1962) was an American businesswoman who founded the off-price department store chain Loehmann's . Frieda Mueller was born in October 1873. When she was young, her family moved from Hoboken, New Jersey to Cincinnati, Ohio . She met flautist Charles Loehmann at
340-531: The third time, listing assets at $ 100 million, with debt at $ 500 million. During bankruptcy, Esopus Creek Value Series Fund LP purchased Loehmann’s intellectual property assets and customer lists starting in March 2014 and Tiger Capital Group, A&G Realty Partners, and SB Capital Group purchased the inventory, furniture and fixtures, accounts receivable, and cash component. In 2017, after Loehmann's Manhattan lease expired, Barneys New York opened its downtown store at
360-558: The work. The extension had been urged by civic groups to meet the commercial needs of Greenwich Village. A significant number of old buildings were marked for demolition in the extension, and the demolished buildings included the Bedford Street Methodist Church, constructed in 1840. Most of Seventh Avenue has carried traffic one-way southbound since June 6, 1954. The portion north of Times Square carried two-way traffic until March 10, 1957. Seventh Avenue
380-501: Was acquired for $ 177 million (~$ 274 million in 2023) by Arcapita (formerly Crescent Capital), a private investment firm complying with Islamic Banking law. In May 2006, Arcapita sold Loehmann's for $ 300 million (~$ 436 million in 2023) to Istithmar , a private equity firm based in Dubai . On November 15, 2010, Loehmann's filed for Chapter 11 again, after failing to reach a debt extension with its creditors. It then announced
400-544: Was originally laid out in the Commissioners' Plan of 1811 . The southern terminus of Seventh Avenue was Eleventh Street in Greenwich Village through the early part of the 20th century. It was extended southward, as Seventh Avenue South, to link up with Varick Street in 1914, and Varick was widened at the same time. Extension of the avenue allowed better vehicular connections between midtown Manhattan and
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