LOEHMANN'S - REAL DESIGNERS....REALLY DISCOUNTED Today, more than 80 years after opening its first store in Brooklyn, New York, Loehmann's is the preeminent, upscale, off-price specialty retailer for name brand designer merchandise. Generations of fashion savvy, value conscious consumers know that Loehmann's is the store for couture and designer fashion at 35% to 65% off department store prices.