loehmann's liquidation sale
Discount retailer Loehmann's filed for bankruptcy late last year. It was the third time in their near century of business that they had filed CH11. Of course, I had hoped that they would be able to survive, as they had in the past, but that is not the case. Their bankruptcy judge approved the sale of inventory a few days ago and Thursday morning, I received notice of their going out of business sale. It looks like inventory will be steeply marked down and additional discounts will be imminent. While I don't always score there, I will definitely be stopping by for one last perusal of the backroom and to say farewell to a discounted retail giant.