LOEHMANN’S WEBSITE OPERATIONAL: Loehmann’s new Web site is now operational, less than five months after the nameplate and related intellectual property assets were acquired in January in a bankruptcy court auction by Esopus Creek Value Series Fund LP, a hedge fund.
The site features brands across a variety of categories at discounted prices, although not all are available at the same time. Those categories include men’s, women’s and children’s apparel; men’s, women’s and children’s footwear; handbags; beauty products for fragrance, skin care and hair care, and bed and bath products for the home.
This story first appeared in the May 14, 2014 issue of WWD. Subscribe Today.
Still available are high-end designer brands such as Hervé Léger, Karl Lagerfeld, L.A.M.B. and Versace Jeans Couture. Also represented is a sizable listing of contemporary brands the Millennial consumer would be familiar with, one of the site’s targeted consumer base. For select items that are higher-priced, even with the discount, shoppers have the option of paying on installment, over a six-month period, via one’s PayPal account.