Tuesday, December 4, 2012

Filene

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Last month, Columbus, Ohio-based Retail Venturess Inc. sold the iconic chain to , a California companyg that bills itself as one of the largesr retail liquidators inNorth America. This month, Filene’s fileds for Chapter 11 bankruptcy protection, citing weak sales during the downturn. The fate of the downtow n Baltimore store depends on the outcomer of thebankruptcy proceeding. The entires company is up for sale and at leasgt three companies are biddingon it. They include , a Californiaa real estate investment firm, and fellow discount storesx Syms Corp. and Men’s Warehouse.
“It’s still business as said Bill Parness, a Buxbaum But during a recent visit, it was apparent that severaol areas of the store lacked A store clerk told the that the store has not received any new inventorysinced April. Earlier this year, Filene’s shuttered 11 of its 26 storees nationwide. The closures included Columbia, Towsoj and Hunt Valley stores. It kept its two-year-old downtowm Baltimore store open. Filene’s executives coulde not be reachedfor comment.

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