Content about Filene’s Basement

November 2, 2011

Syms Corp. and its Filene’s Basement subsidiary said that they have filed for Chapter 11 bankruptcy and will liquidate all stores and assets over the coming several months.

Secaucus, N.J. -- Syms Corp. and its Filene’s Basement subsidiary said Wednesday that they have filed for Chapter 11 bankruptcy and will liquidate all stores and assets over the coming several months. Syms acquired the century-old Filene’s out of bankruptcy in 2009 for $63 million.

October 19, 2011

Filene’s Basement will close four Massachusetts stores around Christmas time this year, according to a Tuesday report by the Boston Globe.

Boston -- Filene’s Basement will close four Massachusetts stores around Christmas time this year, according to a Tuesday report by the Boston Globe.

The struggling discounter will close stores in Braintree, Peabody, Saugus and Watertown, Mass., leaving three stores in the state – in Back Bay, Newton and Norwood – and 22 stores in all.

Syms Corp. bought Filene’s Basement out of bankruptcy in June 2009.
 

May 26, 2011

Syms Corp. said Thursday it is mulling selling itself and other strategic alternatives as the company continues to struggle after acquiring Filene’s Basement in 2009.

Secaucus, N.J. — Syms Corp. said Thursday it is mulling selling itself and other strategic alternatives as the company continues to struggle after acquiring Filene’s Basement in 2009.

The off-price retailer, which bought Filene’s out of bankruptcy for $62.4 million in 2Q 2009, said its board is currently evaluating its options. It reported a loss at the end of its fiscal year in February, and losses had widened as of earlier this month.

November 9, 2008

The lead developer of Boston’s Downtown Crossing redevelopment project, home of the original Filene’s Basement...

April 30, 2008

There’s no doubt that retail plays an important role in keeping communities healthy, economically...

September 3, 2007

Boston, After a...

July 30, 2007

Limited-Assortment Discount Stores Chain PerformanceCompanyFiscal Year End2006 Sales (000)%Change Sales%Change Operating IncomeOperating Income as %...