Loehmann's and Affiliated Business Group, a Division of DSW, Inc., Announce Agreement for Leased Shoe Departments

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Loehmann's and The Affiliated Business Group (ABG), a division of DSW Inc., have announced a joint agreement for ABG to operate as the sole supplier for Loehmann's footwear departments in its U.S. locations and e-commerce site.

Through its association with DSW Inc., ABG's expertise in creating compelling footwear assortments at everyday value pricing will complement Loehmann's product offering for our savvy fashion-conscious customers.

Loehmann's and The Affiliated Business Group (ABG), a division of DSW Inc., announced this morning a joint agreement for ABG to operate as the sole supplier for Loehmann's footwear departments in its U.S. locations and e-commerce site http://www.loehmanns.com.

The initial rollout is expected to commence in select stores starting in December 2013, with the balance of the chain and e-commerce launching in the first quarter of 2014. ABG will plan, procure, and deliver the entire footwear inventory, while Loehmann's will continue to provide staffing for the shoe departments.

Loehmann's Chief Executive Officer Steven Newman commented: "We are thrilled about our partnership with ABG. Through their association with DSW Inc., ABG's expertise in creating a compelling assortment of footwear at everyday value pricing will complement our product offering to our savvy fashion-conscious customers who already find great designers at amazing prices at our Loehmann's stores and web site."

DSW Inc. President and CEO Mike MacDonald commented: "We look forward to partnering with Loehmann's. 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."

Affiliated Business Group's SVP and General Manager Christopher Lanning added, "We are very pleased to partner with Steven and the Loehmann's team. We are committed to customizing a fashion footwear assortment and shopping experience that will meet the footwear needs and desires of Loehmann's customers."

About Loehmann's

Loehmann's gives shoppers the edge on designer fashion with prices 30% to 65% off department stores every day. The store is known for providing great savings on straight-from-the-runway fashion by today's leading designers. Loehmann's operates stores in eleven states and D.C. in addition to http://www.loehmanns.com. The chain provides an exciting discount shopping experience targeted to fashion aficionados and offers women’s dresses, suits, sportswear, shoes, handbags, and accessories, as well as menswear, and more. For store locations visit http://www.loehmanns.com. Follow Loehmann's on Twitter at http://twitter.com/loehmanns and like Loehmann's on Facebook at http://www.facebook.com/loehmanns.

Unlike department stores or specialty fashion retailers, Loehmann's selection is always changing so there's something new to discover every day. Its legendary Back Room, renowned for its collections of leading European and American designer "finds," has been a "must shop" fashion destination for generations of stylish women.

About Affiliated Business Group

The Affiliated Business Group (ABG), a division of DSW Inc., partners with multi-category retailers in the development of strategies and business models designed to build seamless on-brand shoe assortments. ABG provides our partners a new or improved pathway for profitable growth through line building, inventory management capabilities, and concept development.

About DSW Inc.

DSW Inc. is a leading branded footwear, handbag and accessories retailer that offers a wide selection of brand name and designer fashion for women, men, and kids. As of June 6, 2013, DSW operates 377 stores in 42 states, the District of Columbia and Puerto Rico, and operates an e-commerce site, http://www.dsw.com, and a mobile website, http://m.dsw.com. DSW also supplies footwear to 347 leased locations in the United States under the Affiliated Business Group. For store locations and additional information about DSW, visit http://www.dswinc.com. Follow DSW on Twitter at twitter.com/DSWShoeLovers and like DSW on Facebook at facebook.com/DSW.

For further information, contact:
LOEHMANN'S, William B. Thayer, Chief Operating Officer, 718-430-5299, billt(at)loehmanns(dot)com

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