Filene’s Basement closing one-third of chain
January 21, 2009,
Columbus, Ohio – Noting that landlords are proving loathe to reduce rents, off-price chain Filene’s Basement has begun final closeout sales at 11 of its 36 locations.
The 11 stores affected are in: Orland Park and Schaumburg, Ill.; Columbia, Hunt Valley and Towson, Md.; Framingham, Mass.; Mercer, N.J.; Levittown, N.Y.; Pittsburgh and Springfield, Pa.; and Tyson’s Corner, Va.
Filene’s parent, Retail Ventures Inc., began store closing sales two days ago and expect to conclude them by Feb. 28.
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