Dig Into Loehmann's Going Out Of Business Sale

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• Sam Edelman booties
• Rain booties
• Diamond-in-the-rough status Belle boots, 50% off $279.99. Only pair left is a size 35.
• Rag & Bone loafers.
• Belle by Sigerson booties, 50% off $279.99. Size 11.
• Sigerson flats, 50% off $239.99
• Coats are an additional 40% off the ticketed price.
• The racks are a wreck, but there are some Cosabella and Calvin Klein goodies to be found.
• Cream Rag & Bone jeans, 30% off $79.99.
• Theory racks, 20% off ticketed price
• Rag & Bone silk tee, 20% off of $119.99
• Theory sweater, 20% off $179.99
• Vince jeans, 20% off $139.99
• Rebecca Taylor rack
• Tweed Theory jacket, 20% off $259.99
• M Missoni sweater, 30% off $299.99
• Cream Rag & Bone jeans, 30% off $79.99.
• Helmut Lang jacket with leather, 20% off $349.99
• M Missoni dress, 20% off $399.99
• Theysken's Theory cords, 30% off $99.99.
• Helmut Lang rack

As you may know, discount designer goods mecca Loehmann's is liquidating its stock after filing for bankruptcy. Shopping at Loehmann's has always been hit-or-miss, so what should you expect from their going out of business sale? We're happy to report that as of last night, the answer is: loads of basics and some diamonds in the rough.

The store has been completely re-arranged for the liquidation sale. Handbags, jewelry, intimates, and women's miscellaneous are on the ground floor. Women's contemporary clothes and shoes are on the second floor. Women's designer clothes and men's are on the third floor. Patience pays off, as there are hidden gems in almost every size to be found. Click through the photo gallery for stand-out pieces and prices.

First floor: Handbags are at the front of the store, but it looks like anything remotely high end is already gone. Jewelry is also lacking (but did you ever really expect to find great jewelry at Loehmann's?). The intimates racks are also in pretty bad disarray, but there are some Cosabella panties and Calvin Klein bras to be found scattered throughout the madness. Intimates are an additional 10% off the lowest ticketed price.

Second floor: The racks right off the escalator are packed with pants: jeans, corduroys, velour pants, and the like. There are plenty of J Brand, Rag & Bone (jeans), Hudsons, and 7 For All Man Kind to go around. There are also a few AG Jeans, Theysken's Theory cords, and Current Elliots hidden in the big racks. Don't be fooled by the major groupings on the racks. Everything has been shoved wherever it will fit, and the gems are hidden. Jeans are either 30% or 20% off the ticketed price.

Coats are 40% off the ticketed price, and while there's only one big rack of them, they look pretty darn good. If you're headed anywhere where it's actually cold, you could hit the jackpot.

The shoes are very hit-or-miss. There are some Sigerson Morrison flats and Sam Edelman booties left, along with rain booties and non-descript pumps. A few knee-high boots remain, but many styles have only one or two pairs left. If you find something good, it'll be an additional 50% off the ticketed price.

Third floor: The women's designer selection is dominated by Theory. Helmut Lang, Rebecca Taylor, Rag & Bone, M Missoni, and Vince have about one rack each of merchandise, and there are two big racks of completely miscellaneous pieces, from designers ranging from Stella McCartney to Philosophy di Alberta Ferretti. Half the floor is mens, where there are some great Rag & Bone pieces to be found for $150 or less (plus another 10% off). Don't forget, the website has been shut down, so it's worth making the trip downtown. The store is scheduled to close in March though a specific date hasn't been set.—Mallory Farrugia
· Loehmann's Last Hurrah Is Now and In-Store Only [Racked SF]
· Dealfeed: Loehmann's [Racked SF]