Loehmann's on a High

Loehmann's Holdings Inc. (Bronx, N.Y.), a discount specialty retailer, reported net sales increased 18.3 percent and comparable store sales increased by 12.4 percent during its first quarter.

Additionally, the company opened one Loehmann's full line store and one shoe store during that period, bringing its store total to 48 stores in 17 states and the District of Columbia.

“We are pleased with our first quarter results,” said ceo Robert Friedman, “which demonstrate the success of our merchandising, marketing and store expansion strategies.”

Loehmann's sells designer and brand name women's and men's fashion apparel, accessories and shoes at 30 to 65 percent below department store prices.