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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > Filene's Basement Corp.

Filene's Basement Corp.
 PROFILE
You don't have to go underground to get to Filene's Basement. The company runs its Boston flagship store and nearly 20 other stores in Massachusetts, Illinois, New York, North Carolina, and Washington, DC. The stores offer men's and women's apparel, home goods, and accessories. Filene's Basement buys most of its merchandise from retailers or apparel vendors with overruns or out-of-season stock. An original member of Federated Department Stores, the company began as a bargain basement of a Boston department store. Stiff competition forced it to file for Chapter 11 and close over 30 stores in 1999. Value City Department Stores bought the company in 2000; it later closed Filene's Basement's short-lived Aisle 3 concept.

 COMPETITION
Federated Department Stores, Inc. (FD)
Loehmann's Holdings, Inc. (LHMS)
The TJX Companies, Inc. (TJX)

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 249.10
Employees: 4,580
Revenue per employee: $54,388.65

 KEY PEOPLE
• Alan R. Schlesinger
    CEO

 CONTACT INFO
40 Walnut St.
Wellesley, MA 02181
US
Phone: 617-348-7000
Fax: 617-348-7128
Online: Web Site

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