Loehmann’s Troubles Supposedly Overblown

If you followed the New York Post and subsequent reports earlier this week, it seemed like fashion-discount chain Loehmann’s was in big trouble. The publication reported that the 60-unit retailer, owned by Dubai World’s Istithmar, failed to make a $6-million debt payment.

After Loehmann’s issued a statement denying the claims, the Post reportedly took the article off of its website.

Istithmar, which also owns Barneys New York, has some pretty well know debt issues. But one would think that a discounter such as Loehmann’s must be doing pretty well operationally.

Sales figures for the retailer aren’t public, but do you have any gauge on how well the chain is performing?

ALSO: New York & Co. Doubles Down on Discounts

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