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Loehmann's Declares Bankruptcy

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    NEWSLETTERS

    After closing 25 stores and attempting to cut back its debt, the struggling discount giant may not be able to keep up with competitors like TJ Maxx. Read all about the company's troubled financials (sure to bring a furrowed brow to many a discount-loving New Yorker's face) over in our newly-launched sister site, The Feast. [THE FEAST NY]