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Loehmann's Avoids Filene's Fate

  • Crains, Tuesday, June 25, 2013 8 AM

Against these odds, Loehmann's, a 92-year-old discount chain that has filed for bankruptcy twice in a dozen years, has managed to avoid the fates of Filene's and Daffy's, which went out of business because of competition. The company is doing it by switching from a generic quick-sale place to a boutique-style discount chain.

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