Loehmann’s and DSW Inc.’s Affiliated Business Group (ABG) have signed an agreement that makes ABG the footwear supplier for the off-price chain’s stores and e-commerce site. The deal starts with some Loehmann’s stores in December and the rest by first-quarter 2014. It affects all men’s and women’s footwear inventory and staffing at the stores.
Loehmann’s CEO Steven Newman commented in a statement, “We are thrilled with our partnership with ABG. Through their association with DSW Inc., ABG’s expertise in creating a compelling assortment in footwear at everyday value will elevate our product offering to our savvy fashion conscious customers who already find great designers at amazing prices at our Loehmann’s stores as well as our website.”
“We look forward to partnering with Loehmann’s,” added DSW CEO Mike MacDonald. “Our broad supplier base, product knowledge and retail capability will support Loehmann’s brand positioning objectives. We are confident our partnership will bring our expertise and passion for footwear to Loehmann’s customers.”
DSW Inc., an off-price retailer of footwear, handbags and accessories, operates 377 stores in 42 states.
Off-price retailer Loehmann’s has 40 stores in 11 states and Washington, D.C.