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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

The Sewanhaka Central High School District selected Brentwood-based Park East Construction as its bond construction management firm last week. The group will oversee the $86.6 million in improvements coming to the district. Park East will analyze school architect Wiedersum Associates’ plans before applying for New York State Education Department approval.

 

“They are going to make sure the [firms that win district contracts] do the work right,” District Superintendent Dr. Ralph Ferrie said. “They’re going to make sure [the engineer’s] drawings are right before they are sent up to New York State. [Park East] reports directly to the architect and the Board of Education to make sure what we say we’re going to do is done well.”

The Sept. 18 meeting of the Herricks Board of Education covered a range of issues, from the district’s overall performance to the sudden death of a student to fiscal and personnel issues—even to the loss of maple trees. 

 

National Ranking 

Superintendent of Schools Dr. John Bierwirth announced that the district’s high school had achieved an impressive level of distinction in a recent national survey that measured scholastic achievement; in fact, a great deal of Long Island made the cut, he said.


Sports

Seniors Daniella Ford and Margie Londono highlight a Sewanhaka Indians girls soccer team vying for its second straight winning season. 

 

Ford, who is in her fourth season as starting goalie for the Indians, netted a season-high 24 saves in a 3-1 loss to Valley Stream Central. 

 

“She’s a stud back there,” said Sewanhaka third-year coach Eric Premisler, whose team is 0-3 as of press time, after going 8-3-1 last season. “If we can stop a team from taking five shots because of good defense, Daniella is going to stop another 15 shots. And we’re going to have a chance to win every game.”

The Sewanhaka Indians continue to let their presence be felt in Nassau Conference II. 

 

The Indians played their second game as members of the conference on Saturday, Sept. 21, against the Long Beach Marines, topping the south shore squad 51-30. 

 

On the opening drive, the Indians relied on running back Brenton Mighty’s legs to get them into the red zone. On first and goal from the 15-yard line, quarterback Elijah Tracey hit

Michael Parasconda on a screen pass for the first score. 


Calendar

Exercise Class - September 24

Silver Sneaker Fitness - September 25

Live Music - September 26


Columns

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

The Eccentric Heiress Of ‘Empty Mansions’
Written by Mike Barry, MFBarry@optonline.net

Yellow Margarine And A Pitch For The Ages
Written by Michael A. Miller, mmillercolumn@gmail.com