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
Loehmann's Plaza lost a major tenant this summer when OfficeMax closed.
That closing came after the merger of Office Depot and OfficeMax in
February. Office Depot has a store in the Toco Hills Shopping Center.
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.