By  on November 30, 2007

Robert N. Friedman, who steered Loehmann's through a cornucopia of business cycles, from expansions and contractions to ownership changes, bankruptcy and back to profitability, will retire as chairman and chief executive officer next May after 16 years at the helm.

"At some time point, everyone has a defining moment when they say it's time for a change. This was mine," said Friedman, in an exclusive interview.

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