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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.
Each SYMS and Filene's Basement store offered a broad range of merchandise from nationally recognized designer or brand-name labels for men, women, and children. [citation needed] On November 2, 2011, SYMS and Filene's Basement collectively filed for Chapter 11 bankruptcy protection. All SYMS and Filene's Basement stores were closed at the end ...
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 ...
Lord & Taylor. It was the beginning of the end for Lord & Taylor when the nation's oldest department store sold its historic New York City flagship store for $850 million in 2017.
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 ...
The store was located mostly in the Northeast including one at the Lincoln Mall, before closing in 1999. Filene's vs Jordan Marsh Filene's. ... selling mid to high-end electronics. The chain grew ...
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.
In 2006, one of the mall's longstanding anchors Filene's closed its store, as this was one of a number of New England Malls that had both a Macy's and Filene's. After the May Co Department Store Company was purchased by Federated Department Stores (now renamed Macy's, Inc. ) duplicate stores were closed at many New England malls.