Word: loehmann
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...Loehmann's, one of the first bargain retailers and lately one of the fastest growing, does not have customers; it has addicts. Says one shopper, a woman who works for a New York advertising agency: "When I miss a week, I feel as though I've missed out on something. My stomach gets tight and I feel sick." Lauren Bacall, in her autobiography, By Myself, cites Loehmann's nine times...
Betty Ford was a devotee. Former Macy's Executive George Greenberg, 60, Loehmann's chairman and president, recalls a woman approaching him and saying: "Coming to Loehmann's is like therapy forme." Loehmann's has been affecting its clientele this way since 1920, when Freida Loehmann opened a clothing shop under her Brooklyn apartment, started paying cash to top makers for garment overruns and selling them at deep discounts, also for cash...
...time she died at 88 in 1962, "Momma" Loehmann was a force in the retailing of women's clothing...
Today, with warehouse headquarters store and central warehouse located in The Bronx, Loehmann's is spread over 25 states in 65 stores, nearly 40 of which opened during the past ten years. The chain had sales this year of about $270 million...