BY JANE McINNIS
Loehmann's in San Ramon began their store-closing sale Thursday as the discount retailer is liquidating its assets after filing for bankruptcy in December.
Opened in 1921, the New York-based department store is closing all 39 of its remaining stores including locations in Sunnyvale and San Francisco.
The bankruptcy was the result of "increased competition in the off-price retail niche and limited access to capital," the company said in a statement.
There are 15 people employed at the retail shop according to last month's city business license.
There's no set date for the store's closure, located at 3161 Crow Canyon Place.
Got a question? Something on your mind? Talk to your community, directly.
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something