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Filene S Basement

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BUSINESS
Eileen Ambrose | November 2, 2011
Syms Corp., the owner of Filene's Basement, announced today that both companies have filed for bankruptcy protection under Chapter 11. Rather than reorganize its finances and continue operating, though, Syms said it concluded that liquidation was the best move for shareholders. The 102-year-old Filene's had been in bankruptcy in 2009 when Syms, founded in 1959, acquired the retailer's assets in a bankruptcy auction. But a turnaround wasn't possible. In a statement, Syms CEO Marcy Syms said: “This has been a challenging time for Syms and Filene's Basement.
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BUSINESS
Eileen Ambrose | November 16, 2011
Filene's Basement says its going-out-of-business sale kicks off today in Baltimore and other locations. Similar liquidation sales will be held at Syms stores in other states. More than $100 million worth of merchandise at the 39 stores will be up for sale, the retailer says. Discounts will run up to 30 percent off. Gift cards will be accepted, although any purchased made today or later will be final. Filene's has a store at 600 E. Pratt St., near the Inner Harbor in Baltimore, as well as three stores in neighboring Washington.
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BUSINESS
Eileen Ambrose | November 16, 2011
Filene's Basement says its going-out-of-business sale kicks off today in Baltimore and other locations. Similar liquidation sales will be held at Syms stores in other states. More than $100 million worth of merchandise at the 39 stores will be up for sale, the retailer says. Discounts will run up to 30 percent off. Gift cards will be accepted, although any purchased made today or later will be final. Filene's has a store at 600 E. Pratt St., near the Inner Harbor in Baltimore, as well as three stores in neighboring Washington.
BUSINESS
Eileen Ambrose | November 2, 2011
Syms Corp., the owner of Filene's Basement, announced today that both companies have filed for bankruptcy protection under Chapter 11. Rather than reorganize its finances and continue operating, though, Syms said it concluded that liquidation was the best move for shareholders. The 102-year-old Filene's had been in bankruptcy in 2009 when Syms, founded in 1959, acquired the retailer's assets in a bankruptcy auction. But a turnaround wasn't possible. In a statement, Syms CEO Marcy Syms said: “This has been a challenging time for Syms and Filene's Basement.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | June 22, 2004
The event known to send brides-to-be into frenzied, yelling and shoving matches for the perfect dress - at a bargain price - is coming to town. Filene's Basement Corp., Boston-born discount clothier that opened a store at Towson Place Shopping Center last spring, announced yesterday that it plans to hold its storied bridal gown sale at its new store July 9. Though the doors open at 8 a.m., anxious brides have been known to line up before dawn. "Since our grand opening in April, so many customers have asked me about the wedding gown sale that I lobbied our corporate office to let us run the sale here," said Jamie Lindberg, the Towson store's manager, in a statement released yesterday.
BUSINESS
June 19, 2009
Judge approves new owner for Filene's Basement NEW YORK - Filene's Basement has a new owner. A bankruptcy judge on Wednesday approved Syms Corp. and Vornado Realty Trust's $62.4 million bid for the company. The off-price chain filed for Chapter 11 bankruptcy protection in May and sought a buyer. After Filene's announced last week that Men's Wearhouse was buying it, other bidders objected and said Men's Wearhouse didn't meet the court's requirements. A judge in U.S. Bankruptcy Court in Wilmington, Del., directed Filene's last week to reopen the auction.
BUSINESS
By Michael Dresser | February 1, 1992
Filene's Basement Corp., a Boston-born retail "legend" that specializes in undercutting department store prices for top-quality apparel, is searching for suitable locations in the Baltimore area, company President Jim Anathan said yesterday."
NEWS
September 19, 2007
Filene's Basement opens officially today Filene's Basement will officially open today at 9031 Snowden Square Drive, in Columbia, the former location of Best Buy. The facility has been renovated to accommodate its new tenant. "It was completely gutted, down to the bones," said store manager Steve Andrews. "We put in new tile, new carpeting, upgraded lighting, and naturally all our fixturing is brand new." A ribbon-cutting ceremony is planned at 9:30 a.m. today. Filene's offers European and American name-brand and designer women's, men's and children's clothing, and some home furnishings and accessories, Andrews said.
BUSINESS
Liz F. Kay | September 15, 2011
The Junior League of Baltimore will hold its annual Boutique Warehouse Sale this weekend at Hunt Valley Towne Center, in the space next to DSW that used to be a Filene's Basement. Doors open at 7 p.m. Friday night for the "Cupcakes and Cocktails" Happy Hour. For the $20 ticket price, shoppers get early access to fashions from boutiques in the baltimore area, including Jones & Jones , La Papillon and the Lil Lamb Shop . Admission is free from 9 a.m. to 5 p.m. Sat., Sept.
BUSINESS
By Andrea K. Walker | January 6, 2009
Retailer Filene's Basement is trying to renegotiate leases and maintenance fees with the landlords of its Towson and Hunt Valley stores as it tries to cut costs amid a weak retail environment. The retailer has been discounting everything in stock at the two stores and not taking returns on new purchases, sometimes a sign that a shop is preparing to close. But President Mark Shulman said that Woburn, Mass.-based Filene's, which moved to the Baltimore area in 2004 and has four stores in the region, is not at the point of closing.
BUSINESS
Liz F. Kay | September 15, 2011
The Junior League of Baltimore will hold its annual Boutique Warehouse Sale this weekend at Hunt Valley Towne Center, in the space next to DSW that used to be a Filene's Basement. Doors open at 7 p.m. Friday night for the "Cupcakes and Cocktails" Happy Hour. For the $20 ticket price, shoppers get early access to fashions from boutiques in the baltimore area, including Jones & Jones , La Papillon and the Lil Lamb Shop . Admission is free from 9 a.m. to 5 p.m. Sat., Sept.
BUSINESS
June 19, 2009
Judge approves new owner for Filene's Basement NEW YORK - Filene's Basement has a new owner. A bankruptcy judge on Wednesday approved Syms Corp. and Vornado Realty Trust's $62.4 million bid for the company. The off-price chain filed for Chapter 11 bankruptcy protection in May and sought a buyer. After Filene's announced last week that Men's Wearhouse was buying it, other bidders objected and said Men's Wearhouse didn't meet the court's requirements. A judge in U.S. Bankruptcy Court in Wilmington, Del., directed Filene's last week to reopen the auction.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | June 16, 2009
Filene's Basement in Baltimore's Inner Harbor will remain open after all, since a new buyer emerged Monday for the bankrupt off-price retail chain. Discount retailer Syms Corp. and Vornado Realty Trust won an auction for the New England-based chain in a $62.4 million deal to buy 23 of the retailer's 26 stores, said Gerry Corrigan, managing director of Abacus Advisors, which is helping Filene's with the restructuring. The deal, which is expected to be approved by the bankruptcy court as soon as Thursday, comes less than a week after a winning bid by Men's Wearhouse, which would have closed the Baltimore location in mid-June, was declared invalid by a judge.
BUSINESS
By Andrea K. Walker | January 6, 2009
Retailer Filene's Basement is trying to renegotiate leases and maintenance fees with the landlords of its Towson and Hunt Valley stores as it tries to cut costs amid a weak retail environment. The retailer has been discounting everything in stock at the two stores and not taking returns on new purchases, sometimes a sign that a shop is preparing to close. But President Mark Shulman said that Woburn, Mass.-based Filene's, which moved to the Baltimore area in 2004 and has four stores in the region, is not at the point of closing.
NEWS
September 19, 2007
Filene's Basement opens officially today Filene's Basement will officially open today at 9031 Snowden Square Drive, in Columbia, the former location of Best Buy. The facility has been renovated to accommodate its new tenant. "It was completely gutted, down to the bones," said store manager Steve Andrews. "We put in new tile, new carpeting, upgraded lighting, and naturally all our fixturing is brand new." A ribbon-cutting ceremony is planned at 9:30 a.m. today. Filene's offers European and American name-brand and designer women's, men's and children's clothing, and some home furnishings and accessories, Andrews said.
NEWS
By [CAROLYN PEIRCE] | April 22, 2007
FILENE'S BASEMENT 600 E. Pratt St. / / 410-685-2637 Open 9:30 a.m.-9:30 p.m. Monday-Friday; 9:30 a.m.-10 p.m. Saturday and 11 a.m.-7 p.m. Sunday If you're up for some department-store rummaging, Filene's Basement is the latest addition to Baltimore's Inner Harbor. Stacks of pastel polo shirts sit neatly folded, racks of floral dresses hang in orderly rows and spring colors pop from every corner of the newly opened store, which welcomed downtown shoppers at the end of March. The occasional tease of a sunny day has bargain hunters on the prowl for warm-weather attire.
NEWS
July 14, 2003
Benny Carter, 95, a master of melodic invention on the alto saxophone who also was a renowned jazz composer, instrumentalist, orchestra leader and arranger, died Saturday after being hospitalized for about two weeks with bronchitis, family friend and publicist Virginia Wicks said yesterday. Mr. Carter was largely self-taught as a musician, playing both saxophone and trumpet before becoming a bandleader in the late 1920s. In a career that spanned more than six decades, he was considered among the top altoists in jazz.
NEWS
By [CAROLYN PEIRCE] | April 22, 2007
FILENE'S BASEMENT 600 E. Pratt St. / / 410-685-2637 Open 9:30 a.m.-9:30 p.m. Monday-Friday; 9:30 a.m.-10 p.m. Saturday and 11 a.m.-7 p.m. Sunday If you're up for some department-store rummaging, Filene's Basement is the latest addition to Baltimore's Inner Harbor. Stacks of pastel polo shirts sit neatly folded, racks of floral dresses hang in orderly rows and spring colors pop from every corner of the newly opened store, which welcomed downtown shoppers at the end of March. The occasional tease of a sunny day has bargain hunters on the prowl for warm-weather attire.
NEWS
By Jill Rosen and Jill Rosen,SUN REPORTER | October 24, 2006
Nearly 18 years after Baltimore bid farewell to its last department store, downtown is welcoming back large-scale retail - a Filene's Basement. Though the bargain-lover's outlet isn't the traditional type of department store lodged in the memories of many Baltimoreans, development officials say its arrival heralds a shopping renaissance for the city and the cementing of what's becoming a nascent Baltimore shopping district. "Without a doubt it's the sign of a comeback," said Downtown Partnership President Kirby Fowler.
NEWS
By LAURA BARNHARDT and LAURA BARNHARDT,SUN REPORTER | July 15, 2006
With an hour left to kill, the ladies are antsy. Fueled by coffee, tired of the all-night card games, armed with walkie-talkies, they are ready for the doors of Filene's Basement to open. Some are wearing matching T-shirts, so that they can better spot their allies when things get chaotic, as they know they will. One group, clutching pictures torn from magazines, is in pink. Another group has chosen camouflage. They are taking no prisoners. Deeply discounted bridal gowns are at stake.
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