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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

Operation Main Street, a plan that would see a section of Jericho Turnpike in New Hyde Park revamped with traffic calming features and aesthetic updates, is finally in the home stretch, New Hyde Park village officials say. Village contractor J. Anthony Enterprises will be putting the finishing touches on the $1.46 million project this week.

 

“It’s all but finished,” trustee Donald Barbieri said. “Honestly, I feel good. It’s looking solid. It took forever to get it done. They’re going to put more benches in and plantings; striping the road.”

 

New Hyde Park’s department of public works will maintain the planters and medians installed for the project. Twenty-five potted plants were recently installed along the turnpike, officials stated. More than 10 benches will be available on the turnpike.

Dedicating itself to brining freshly made burgers to its customers, Smashburger in New Hyde Park provides gourmet hamburgers, but with a twist.

 

Since its grand opening on Oct. 18, 2013, business at Smashburger has been a smash, says owner Irwin Kruger.

 

“The location has been great for us,” added Kruger. “We have good tenants that surround us. It’s conveniently located on Marcus Avenue, and there’s plenty of parking.”


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.



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