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Loehmann’s Is Going Out Of Business

After almost 93 years, Loehmann’s in New Hyde Park, an upscale off-price specialty retailer that originated the concept, is going out of business.  

 

Yesterday, the U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture formed by SB Capital Group, LLC, Tiger Capital Group, LLC, and A & G Realty Partners, to conduct “Going Out of Business” sales in each of Loehmann’s 39 locations in 11 states and the District of Columbia.  More than $65 million of current in-season inventory and new arrivals from many of the top designer names will be liquidated during the sale, which begins Jan. 9. Loehmann’s is located at 1550 Union Turnpike in the Lake

Success Shopping Center.

 

Loehmann’s began operating in 1921, when Frieda Loehmann opened the first store in Brooklyn, NY.  Loehmann made her rounds to designer’s showrooms, buying their overstocks, cancellations and samples at a fraction of the original wholesale price.

 

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 the e-commerce channel. In November, Loehmann’s tried to sell its business, 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.  

News

At the July 18 meeting of the Herricks Board of Education, the school district addressed a recent response by the State Education Department (SED) in regards to a recent hot-button topic that has many parents, students, and teachers alike up in arms—the rapid and stressful increase in state assessment testing.

 

Superintendent of Schools Dr. John Bierwirth recently received an email from Assistant SED Commissioner Dr. Julia Rafal-Baer, addressing the concerns of both parents and school districts in New York regarding the great deal of stress that many students have been put under as a result of what many have referred to “excessive state testing.” 

 

Many parents and school administrators argue these rob children of valuable classroom learning time in favor of multiple standardized assessment exams designed to gauge teacher performance, and

Rafal-Baer’s email acknowledged the difficulties that many students have been undergoing since the testing was implemented last year. 

The Sewanhaka Central High School District renewed Superintendent Dr. Ralph Ferrie’s contract for the next five years at a recent board meeting. Ferrie will receive no pay increase in 2014-15 at a $238,000 salary. The contract expires on June 30, 2019.

 

“You can’t get [work] done without a unanimous board,” Ferrie said. “This board took a leap of faith with the program plans for the district. We also have an excellent team [of administrators]. That’s an awesome team.”


Sports

The Sewanhaka Indians’ very talented lacrosse defenseman, Tyler Regnier, will be playing next season for the Division 1 Rutgers University Scarlet Knights.

 

Regnier started playing lacrosse as a third grader, when he played with the New Hyde Park Police Activity League, a youth lacrosse program.

 

“At first, I wasn’t too serious,” he said recently. “But I just stuck with it, a lot of training, a lot of travel and a lot of practice made it happen.”

Students at Charles Water Karate & Fitness in Williston Park received belt promotions after completing a series of extensive exams.

 

Graduates

From New Hyde Park:  Jonah Khorrami to brown belt, Isabella Castelli to purple belt.

 

From Mineola:  Alexandra Santos and Kayla Toal to, Kayla Toal yellow belt, Jason DeJesus to Yellow/White Belt.

 

From Williston Park:  Mario Lombardo to red belt, Daniel Melore to blue belt, Grayson Lee to yellow/white belt.

 

From Garden City:  Alexandra Delgais: to brown belt, Jake Delgais to yellow/white belt.

 

From Roslyn Heights:  Suhani Jain to red belt.  

 

From Uniondale:  Isiah McClean to yellow/white belt.



Calendar

15 Below - July 23

Page Turner - July 23

Hip Pickles - July 28


Columns

1959: The Year The Music Stopped Playing
Written by Michael A. Miller, mmillercolumn@gmail.com

The Eccentric Heiress Of ‘Empty Mansions’
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