Filene's packs it in
November 2, 2011,
Filene's, which also restructured under Chapter 11 bankruptcy in the 1990s, expects GOB sales to conclude in January, according to a statement. Together, Filene's and Syms operate 46 stores, most of them on the East Coast.
In addition to the impact of the slack economy, ceo Marcy Syms cited stepped up competition from department stores and "a decline in buying opportunities as brand name labels have reduced overruns by improving their supply chain management."
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