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Loehmann's Clothing Store Files For Bankruptcy

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TWC News: Loehmann's Clothing Store Files For Bankruptcy
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It looks like the end is near for discount clothing store Loehmann's.

The New York-based retailer filed for bankruptcy protection and plans to sell all of its remaining assets in an auction starting at the end of the month.

Loehmann's also announced that its CEO has left the company.

During the bankruptcy process, customers can expect business to continue as usual.

Loehmann's has 39 stores throughout the country as well as an online shop.

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