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The economic crisis took its toll on the chain, and owner Retail Ventures, Inc announced on January 20, 2009 its plans to close 11 of the chain's 36 stores. [10] The store closures did not help, and on April 22, 2009, Retail Ventures, Inc. announced that it had sold the remaining 25 Filene's Basement stores to the Buxbaum Group, a company that specializes in liquidations.
Marcy Syms joined the family business in 1978 as director of marketing and real estate. In 1983, when SYMS Corp went public, she was named president and a year later, added the role of chief operating officer. In 1998, she was named chief executive officer, and in 2009, she led the company through the purchase of Filene's Basement. She also ...
Retail Ventures was a holding company originally created in 2003 for DSW (NYSE: DSW), Filene's Basement, and Value City Department Stores. The retailer's initial public offering was in 1991 under the Value City name. Value City went on to purchase the DSW shoe business in 1998 and Filene's Basement in 2000.
Get 20% off your jewelry purchase with this Filene's Basement coupon, good through Sunday, Dec. 19, 2010. Make sure you print a copy to get the discount in stores. Caveats: Cannot be combined with ...
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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 Leader (1888 - 1918 at least), D.K. Moses opened in 1888 and in 1904 when it reopened after a fire it was two stories in height with a basement store and covered 22,000 square feet. Whereupon, it was described as “one of the most complete department stores to be found in the north country.”
Filene's Basement, one of the mall's former anchors, filed for bankruptcy protection on May 4, 2009. New York's Crown Acquisitions made a bid to buy Filene's Basement including their famous Downtown Crossing location which closed for reconstruction in 2007. [4] The South Shore Plaza store in Braintree closed in December 2011. [5]
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