Discount Store

New York City -- Loehmann’s on Monday filed for bankruptcy.  The off-price retailer said it had negotiated a restructuring plan with owner Istithmar Retail Investments and noteholder Whippoorwill Associates before the filing that would cut debt by $115 million. Istithmar and Whippoorwill agreed to invest $25 million in the company, according to court papers.

Springfield, Ill. -- Family Dollar has opened an 8,800-sq.-ft. store at Fairhills Mall, located in Springfield, Ill.

The mall is owned by New York City-based Centro Properties Group.
 

Miramar Beach, Fla. -- New Balance announced that it opened its first factory store in Northwest Florida at Silver Sands Factory Stores on Thursday.

The 4,825-sq.-ft. store offers New Balance shoes and apparel for women, men and children. New Balance Factory Store is located near Swarovski at the east part of the center.

“We chose Silver Sands because we wanted to open in a high-performing center that has a great portfolio of brands,” said Stephen Dix, general manager of retail operations for New Balance.