Syms Corp
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US: Court confirms Syms, Filene's Basement chapter 11 plan
The US Bankruptcy Court for the District of Delaware has agreed a modified joint chapter 11 bankruptcy plan for Syms Corp and its subsidiary Filene's Basement.
US: Court approves Syms, Filene's amended bankruptcy plan
The US Bankruptcy Court for the District of Delaware has approved Syms Corp and its subsidiary Filene's Basement disclosure statement, describing its plan to exit bankruptcy.
US: Filene's Basement name to be sold at auction
The Filene's Basement and Running of the Brides names are to be sold at auction as part of the liquidation of bankrupt discount clothing retailers Syms Corp and Filene's Basement LLC.
US: Syms and Filene's Basement in bankruptcy filing
Syms Corp and its Filene's Basement subsidiary have filed for Chapter 11 bankruptcy protection today (2 November).
US: Syms Corp swings to Q1 profit
Off-price apparel Syms Corp, operator of the Syms and Filene's Basement stores, has swung to a first quarter profit, despite a drop in sales.
US: Syms Corp posts Q4, FY losses
Off-price retailer Syms Corp, operator of the the Syms and Filene's Basement stores, has posted fourth quarter and full-year losses which it blames on restructuring-related costs and lack of growth in same-store sales.
US: DSW to buy largest shareholder Retail Ventures
Discount shoe retailer DSW Inc is buying its largest shareholder, Retail Ventures Inc, in a tax-free stock swop - and has revised its full-year earnings forecast to take costs of the transaction into account.
US: DSW names Lanning to leased business post
Branded footwear retailer DSW has announced the appointment of Christopher Lanning as senior vice president and general manager of the leased business division.
US: Syms slides to US$3.3m Q3 loss
Cut-price apparel retailer Syms Corp slipped to a third quarter loss as sales at its Syms and Filene’s Basement stores suffered a double-digit decline in the period to 27 November.
US: Syms Q2 losses widen despite sales rise
Losses at cut-price apparel retailer Syms widened in the three months to 28 August despite a healthy sales rise prompted by the company’s acquisition of rival Filene’s Basement in June 2009.
US: Filene's Basement helps narrow Syms Q1 loss
Off-price retailer Syms Corp has narrowed its first quarter loss, helped by higher sales at the Filene's Basement chain which it bought in June last year.
US: Syms hires Somerfeld as general merchandise manager
Off-price retailer Syms Corp has hired Jason Somerfeld from Burlington Coat Factory to the newly created position of senior vice president and general merchandise manager.
US: Syms Corp widens Q4 loss despite sales surge
Despite more than doubling its fourth quarter sales, off-price apparel retailer Syms Corp has posted a wider loss for the period.
US: Syms appoints new integration officer
Off-price apparel retailer Syms Corp has unveiled Joel Feigenbaum as its new chief integration officer, heading the Filene's Basement Division.
US: Filene’s buy lifts Syms Corp's Q3 results
Off-price apparel retailer Syms Corp has swung to a third-quarter profit, helped by one-time gains linked to the purchase of the bought 23 stores plus all inventory of off-price clothing chain Filene’s Basement Basement chain and a $24.8m life insurance payout following the death of company founder Sy Syms.
10 industry developments that shaped the decade
Having delivered apparel and footwear industry news for the past decade, just-style takes a reflective look through its archives to highlight ten key themes that have helped shape the apparel industry over the last 10 years.
US: Retail Ventures swing to Q3 loss
Off-price retailer Retail Ventures Inc has swung to a third quarter loss from continuing operations, despite booking a double-digit hike in sales.
US: Syms posts wider Q2 net loss
Off-price retailer Syms Corp has announced a net loss of US$9.7m as compared to $1.3m in the prior year period, as it looks to turn around 23 Filene’s Basement stores.
US: Retail Ventures swings to Q2 loss
Off-price retailer Retail Ventures Inc has seen swung to a second quarter loss on lower sales at its DSW shoe stores.
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US: Syms completes Filene’s Basement acquisition
Cut-price retailer Syms has completed the acquisition of substantially all the assets of bankrupt rival Filene’s Basement after the deal was approved by Bankruptcy Court.
US: Syms wins renewed Filene’s Basement auction
Cut-price apparel retailer Syms has emerged as the winner in the renewed auction of the assets of rival company Filene’s Basement.
Top stories on just-style this week...
Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.
US: Filene’s Basement auction reopens amid confusion
The auction selling off the assets of bankrupt cut-price retailer Filene’s Basement will reopen tomorrow (12 June) amid confusion over the process.
US: Men’s Wearhouse wins out in Filene’s auction
A subsidiary of Men’s Wearhouse was the winning bidder in an auction of the assets of discount retailer Filene’s Basement, securing the future of up to 20 of the company’s stores.
US: Men's Wearhouse wins Filene's bid - report
US retailer Men's Wearhouse is to buy assets of Filene's Basement for US$67m following a bankruptcy auction, reported US media.
US: Buxbaum reviewing "all options" for Filene's Basement
Buxbaum Group, new owners of Filene's Basement, said it is reviewing "all available business options" for the fashion chain.
US: Retail Ventures sells Filene's Basement to liquidator
US fashion group Retail Ventures (RVI) has announced the disposition of its Filene's Basement subsidiary to FB II Acquisition, a newly formed entity owned by liquidation firm Buxbaum Group.
US: Filene's Basement closing 11 of its 36 stores
Discount retailer Filene’s Basement is to close 11 of 36 stores nationwide after landlords were unwilling to renegotiate leases on some of its weaker locations.
US: Syms swings to Q3 loss on lower sales
Off-price apparel retailer Syms Corp has swung to a third quarter loss on lower sales at its 32 stores.
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