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The history of Filene's Basement is intertwined with that of the venerable Filene's chain. In 1908, Edward A. Filene, son of the founder of Filene's, William Filene, came up with the idea of selling surplus, overstock, and closeout merchandise in the basement of his father's store.
Filene's (/ f aɪ ˈ l iː n z /, originally William Filene & Sons Co.) was an American department store chain; it was founded by William Filene in 1881. The success of the original full-line store in Boston, Massachusetts, was supplemented by the foundation of its off-price sister store Filene's Basement in 1908.
The early 21st century presented tough times for SYMS, with its first loss in its history in 2000, followed up by three more consecutive years of losses between 2001 and 2004. [3] In 2009, the company acquired the bankrupt Filene's Basement low-cost chain for $62.4 million. [5]
Filene's Basement. Filene's Basement was once the oldest off-price retailer in the country, known for its high-end goods and automatic markdown system. In 2009, after the economic crisis, it was ...
Filene's Basement, the Boston-based discount chain that claims to be the very place where bargains are born, is on its deathbed. Vendors, who have been stiffed for months, have threatened to push ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
Then & Now: The 164-year history of America's oldest department store, Macy's. Jared Blikre. September 17, 2022 at 1:01 PM ... Filene's — to Macy's. These name changes were controversial, as ...
The Running of the Brides was a one-day sale of wedding gowns, garnering local media attention because of the sight of hundreds of brides-to-be scrambling for bargains.A local tradition since 1947 at Filene's Basement in downtown Boston, the ROTB has also been held at Filene's Basement in Atlanta, Chicago, Cleveland, Columbus, Los Angeles, New York City, Washington D.C., and Westchester County ...