ProfitLogic, the industry-leading provider of Retail Profit Optimization solutions that deliver the highest return on retailers’ inventory investments, today announced that Loehmann’s, a national upscale off-price specialty retailer, selected ProfitLogic’s Markdown Optimization solution to use across the company’s 51 U.S. stores in 17 states. ProfitLogic’s solution will help Loehmann’s improve its merchandising processes by gaining earlier visibility and taking quicker action on underperforming merchandise, freeing up open-to-buy dollars, and providing customers with fresher merchandise in-season.

“We believe ProfitLogic's Markdown Optimization Solution will enable us to execute our markdown strategies more effectively,” said Robert N. Friedman, CEO of Loehmann's. “This will increase our inventory turnover and productivity, while continuing to provide great value to our customers.”

“We are pleased to be working with Loehmann’s forward-thinking team, which recognizes the value of using Markdown Optimization to achieve its unique business goals,” said Tom Ebling, Chairman and CEO of ProfitLogic. “We look forward to helping the upscale off-price retailer improve its markdown processes and provide customers with the best selection and value season to season.”

ProfitLogic provides industry-leading Retail Profit Optimization solutions designed for retailers whose top priority is getting the highest return on inventory investments. ProfitLogic’s customers have found that using insight into future customer demand results in more profitable merchandising decisions and more time to focus on what matters most: the customers and the merchandise.

About Loehmann’s Since it began in 1921, Loehmann's has occupied a unique position in the fashion industry; it stands alone as the only national upscale off-price specialty retailer. Loehmann's is best known for housing key American and European Designers at prices that are 30% to 65% lower than department or specialty stores. In recent years, Loehmann's has expanded its offerings to include shoes, mens and juniors. Loehmann's is anchored on the East Coast by a five-story Manhattan flagship at 7th Ave. and 16th St. and on the West Coast by its flagship Beverly Hills store on La Cienega and 3rd. Loehmann's now has 51 stores in 17 states.

About ProfitLogicProfitLogic is the leading provider of Retail Profit Optimization solutions designed for retailers whose priority is getting the highest return on inventory investments. ProfitLogic's solutions provide merchants with day-to-day operational decision support and workflow for making better-informed assortment execution, allocation and fashion replenishment, promotion, pricing and markdown decisions. ProfitLogic has delivered fast, flexible solutions with significant financial benefit to industry leading retailers such as American Eagle Outfitters, AnnTaylor, Bloomingdale's, Charming Shoppes, The Children’s Place, Gap Inc., including: Gap, Banana Republic, Old Navy; JCPenney, Marshall Field's, Meijer Stores, New York & Company, Nordstrom, Northern Group Retail, Sears, ShopKo Stores, Target Stores and Toys R Us. For more information about Cambridge, Mass.-based ProfitLogic, call 617-621-5500 or visit www.profitlogic.com.