Filene’s Basement Inc., the off-pricer known for its annual bridal gown sale, is closing 11 of its 36 locations.
“Like many other retailers, Filene’s Basement has been impacted by the current economic downturn,” said a spokeswoman for the Burlington, Mass.-based retail chain, part of Retail Ventures Inc. “As a result of this, we have had to implement cost-saving measures….While we have worked with our landlords to look for solutions such as fair rent reductions, we have not found sufficient relief to avoid taking steps toward certain store closings.”
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