Loehmann's Stores Going Out of Business

By Jay Scott

Loehmann's will begin liquidation sales Thursday at its 39 stores, including its Georgia locations at 2480 Briarcliff Road in Loehmann's Plaza and at 120 Perimeter Center Place in Dunwoody.

Loehmann’s said Wednesday that a U.S. bankruptcy court has approved plans for a group of outside firms to conduct “Going Out of Business” sales at each of its stores, The Associated Press reported. The sales will include the liquidation of more than $65 million of inventory, according to the company.

According to published reports, Loehmann's executives cited two main reasons for the company's current financial problems -- its slowness in introducing e-commerce to customers and declining economic conditions in such states as California, New York, Florida and the Midwest.

The stores will have normal business hours during the liquidation sale