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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 ...
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.
Today through Tuesday, April 20, 2010, get 20% off any one item at Filene's Basement with this coupon. It works on regular-, sale-, or clearance-priced items. Filene's Basement has locations in CT ...
In the first phase, Filene's and Lord & Taylor were remodeled, [6] and the vacated Sage-Allen space became a Filene's Men's & Home. [7] A four-level parking garage was built in the second phase in 1996, [ 8 ] and a new retail wing between J. C. Penney and Lord & Taylor with two additional parking garages was completed in 1997. [ 6 ]
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]
a 75,000-square-foot (7,000 m 2) [13] third floor to Filene's which was later rebranded as Macy's in 2006. a large extension to the building with a 55,000-square-foot (5,100 m 2) [13] movie theater (Connecticut Post 14, replacing the Milford Fourplex, previously located in an adjacent building.
Their operating stores include DSW, Filene's Basement, American Signature, Rooms Today and Value City. The department store holding company Federated Department Stores was once based in Columbus, and included the Lazarus department store chain, before being re-branded under the Macy's brand name in 2005.
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