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Filene's Basement Closing 11 Stores

1/22/2009 12:01:00 AM
I don't really shop at Filene's Basement. I do most of my shopping at their Express for Men or Macy's. Occasionally, I'll go to Marshall's for stuff like socks and boxers. Anyhoo, bad news for those of you that are fans of Filene's Basement. They're closing 11 of their 36 stores.

A spokeswoman for the chain's parent company told The Boston Globe it has been unable to negotiate rent reductions for 11 locations and plans to close them by the end of February.

Julie Davis, general counsel of Retail Ventures Inc., told the Globe: "We're still hoping there are some landlord negotiations that might help us keep stores." Stores to be closed are in Framingham, Mass.; three in Maryland, two in Illinois, two in Pennsylvania, and one each in New Jersey, New York, and Virginia.

I've never been to the Framingham one, I think I have seen it before though driving down Route 9 past the Natick Mall. Maybe there will be some good shopping there while they try to liquidate the store inventory - just a thought.

Click (here) for the article.

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