Morning Edition

Yesterday, Loehmann's filed for chapter 11 bankruptcy in a Manhattan court.  Two outside companies have agreed to invest in the firm in the first quarter of 2011.  This will "preserve 1,900 jobs and the Loehmann's brand" (WWD).

Yikes!

No word yet on which (if any) of the Loehmann's branches will be closing.  Better stock up on discount designer clothes while you still can.  Or else you will be forced to find your Calvin Klein at Ross or worse - an outlet ;-)

love you, mean it

emily


post & pic via WWD