Home / Knowledge / News / Apparel/Garments / Apparel retailer Loehmann's lands credit deal with GE Capital
Apparel retailer Loehmann's lands credit deal with GE Capital
Dec '09
Loehmann's announced that GE Capital, Corporate Retail Finance, will supply a $35 million asset-based credit facility for the retail chain. GE Capital, Corporate Retail Finance will be the sole lender for the facility.
Loehmann's has transformed its business in the past 18 months by uniquely positioning itself at the high end of the off-price industry, as the IT Store for designer fashions featuring the most exclusive designers and brands at prices 30 to 65% less than department and upscale specialty stores.

“Our customers have bought in to the new approach at Loehmann's, voting with their dollars when they come into our stores. Whether we are featuring U.S. or European designers, our shoppers know they will not find such high quality goods in any other store at our amazingly low prices. This credit facility ensures we will be able to continue to offer the fashion-forward designer clothes and accessories that define Loehmann's as the premiere upscale off-price retailer,” said Jerry Politzer, Chief Executive Officer of Loehmann's.

Loehmann's, the IT store for designer fashions, plans to open a new store in California in early 2010, strengthening its position in the critically important Los Angeles market. Additionally, Loehmann's has successfully re-launched their fee based loyalty shopping program this past year, the Loehmann's Insider Club, which offers customers even greater value every time they shop for clothes and accessories.

“Finding the right lender is critical for retail outlets,” said Jim Hogan, managing director of GE Capital, Corporate Retail Finance. “In all of our relationships, we strive to provide retailers with smarter liquidity, with a thorough understanding of client needs and passion for finding the right solution.”

Loehmann's was advised by North Sea Partners.

Loehmann's Holdings

Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search