Loehmann’s Leases Shoe Departments to DSW

Beginning in December, Loehmann's will be leasing out its shoe departments

Beginning in December, Loehmann’s will be leasing out its shoe departments

New York—Loehmann’s, long known for its off-price offerings of designer and brand womenswear, accessories, footwear and menswear, is taking a step in a new direction.

The company announced Thursday that it has partnered with The Affiliated Business Group (ABG), a division of DSW Inc., which will become the sole supplier for footwear in Loehmann’s shoe departments and on its website.

ABG partners with multi-category retailers to develop strategies to build on-brand shoe assortments. In this capacity, ABG provides partners with line building, inventory management capabilities and concept development in footwear.

“We are thrilled about our partnership with ABG,” said Steven Newman, Loehmann’s chief executive. “Through their association with DSW Inc., ABG’s expertise in creating a compelling assortment of footwear at everyday value pricing will complement our product offering to our savvy fashion-conscious customers who already find great designers at amazing prices at our Loehmann’s stores and web site.”

ABG will begin to take over Loehmann’s shoe departments in December with the balance of the store’s chain and e-commerce launching in the first quarter of 2014. ABG will plan, procure, and deliver the entire footwear inventory, while Loehmann’s will continue to provide staffing for the shoe departments.

“We look forward to partnering with Loehmann’s,” added Mike MacDonald, president/ceo at DSW. “Our broad supplier base, product knowledge, and retail capability will support Loehmann’s brand positioning objectives.”

 

 

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