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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

Running for his second major office in as many years, Adam Haber touched on familiar themes in a visit to Anton Media Group to discuss his candidacy for the Seventh District New York State Senate seat, where Haber is challenging the Republican incumbent, Jack Martins.

 

Haber entered politics in 2009, when he ran for and won, a seat on the Roslyn School Board. The district was then reeling from an embezzlement scandal that had cost it millions of dollars. Haber touted his achievements on the board, including bringing finances into line to the point where the district has seen the lowest tax increases of any district in Nassau County. Last year, Haber ran for the Democratic Party’s nomination to challenge Edward P. Mangano for the Nassau County executive’s race. 

After a recent security scare, the New Hyde Park-Garden City Park School District is leading a push to get public election polling moved out of school buildings. The board of education is aiming to pass its resolution at the state level to encompass all New York Schools and address what they see as a broad school security flaw. 

 

“What’s good for our kids should be good for any child in any other public school in the entire state,” Superintendent Robert Katulak said. 


Sports

 

The Sewanhaka Indians topped the Herricks Highlanders, 26-6, on Saturday, Oct. 25. The Indians (5-2) Garden City High School to close out the regular season on Saturday, Nov. 1 at 2 p.m. at 170 Rockaway Ave., Garden City.

 

(Photos by Stephen Takacs)


The Sewanhaka Indians varsity football team hosted Elmont Spartans on Saturday, Oct. 18 in its final home game of the regular season. 

 

It certainly did not go as the Indians had hoped, falling 18-8, in a mistake filled game. Head coach George Kasimatis said the Indians had their chances, but kept digging themselves into a hole with mental mistakes on both sides of the ball. 

 

Playing from behind, senior running back Brenton Mighty was able to break free for a long touchdown run, to put the Indians on the board. 


Calendar

International Night - Octobetr 30

Live Music - October 31

Meet Your Dog Trainer - November 1


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