Article: LOEHMANN'S REBOUNDS IN QUARTER.(Loehmann's 1st-quarter earnings)(Brief Article)

Article from:
WWD
Article date:
June 25, 2001
Copyright

NEW YORK -- Loehmann's Holdings Inc. bounced back into the first-quarter black with earnings of $2.5 million, or 76 cents a share.

The firm's predecessor company, Loehmann's Inc., posted a loss of $9.6 million in the year-ago quarter. Losses were compounded by an $8.8 million charge, which included the liquidation of inventory at 11 closed locations. The predecessor firm's common stock was canceled as part of its Chapter 11 reorganization.

Based here, Loehmann's Holdings owns 100 percent of the incorporated firm that emerged from bankruptcy in ...

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