This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

DSW's Affiliated Business Group And LOEHMANN'S Announce New Shoe Agreement

COLUMBUS, Ohio and NEW YORK, June 27, 2013 /PRNewswire/ -- The Affiliated Business Group (ABG), a division of DSW Inc. (NYSE: DSW), and LOEHMANN'S announced a joint agreement this morning for ABG to operate as the sole supplier for LOEHMANN'S footwear departments in its U.S. locations and e-commerce site loehmanns.com.

(Logo: http://photos.prnewswire.com/prnh/20100325/DSWLOGO-a)

The initial roll out is expected to commence in a few stores starting 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 women's and men's footwear inventory, while LOEHMANN'S will provide staffing for the shoe departments.

LOEHMANN's Chief Executive Officer Steven Newman commented, "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 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 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs