Going-Out-Of-Business Sale Begins Wednesday, November 16th at the Remaining 39 SYMS and Filene’s Basement Stores in 12 States and the District of Columbia
SYMS Corp. was founded by Sy Syms in 1959. Filene's Basement traces its roots back to 1909 and founder William Filene. SYMS acquired assets of Filene's Basement, Inc., which had filed for bankruptcy, in a bankruptcy auction in 2009. SYMS Corp and Filene's Basement, LLC collectively own and operate 46 "off-price" apparel stores (7 of which are already in the process of closing) located predominantly on the east coast of the United States under the "SYMS" name (which, together with co-branded SYMS/Filene's Basement stores, are owned and operated by SYMS Corp) and the "Filene's Basement" name (which are owned and operated by Filene's Basement, LLC).