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Syms, Filene’s Basement File Chapt. 11, Plans Liquidation

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Secaucus, NJ—Syms and its wholly owned subsidiary Filene’s Basement filed for Chapter 11 bankruptcy protection today, citing increased competition from other off price retailers and difficulties in obtaining brand-name apparel and accessories amid a difficult economy. According to documents filed with the U.S. Bankruptcy Court for the District of Delaware, …