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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.
In 2006, Filene's stores were merged with Macy's phasing out the Filene's name. In a normal store merger, the old stores are converted into the new stores. But this was a problem in Boston, because the Filene's building was located across the street from another Macy's store. When Filene's did close, the Boston Landmarks Commission unanimously ...
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 craft store world got a little smaller in November 2019, when A.C. Moore's parent company announced it would close the chain's 145 stores, mainly found on the East Coast. Major competitor ...
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 ...
This story was updated on 9/2/11 at 1:40 pm Be on the look out for going-out-of-business sales at a Filene's Basement near you. The Massachusetts-based discount retailer announced Wednesday ...
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 ...
The emergence completes a 10 month bankruptcy process in which Syms and its subsidiaries, including Filene's Basement, LLC, closed their retail stores, liquidated their inventories and redeemed ...