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

In Reports, What's New, Industry News by Accessories Staff

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, …