Loehmann's going out of business

The high-end discount clothing store filed for bankruptcy after 93 years. (1/9/14)

RIVERDALE - After nearly 100 years in business, department store Loehmann's announced it will be closing its doors.

The high-end discount clothing store, whose headquarters is located in the Bronx, filed for bankruptcy after 93 years. The company also has a department store in Riverdale.

As part of the bankruptcy process, the company has gone into liquidation and is offering bigger discounts to shoppers in order to clean out the merchandise in stores.

READ MORE: Consumer Stories

Loehmann's stores are expected to close in March.
 

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