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

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

China’s economy on track to meet growth expectations

China’s GDP has grown at 6.7 per cent in the first three quarters of...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search