Say goodbye to these bargains: Syms Corporation, including its subsidiary Filene's Basement, have filed for bankruptcy, and plan to close all 46 of their stores. Syms acquired Filene's Basement out of bankruptcy protection in the spring of 2009 for $62.4 million, but struggled to make the chain profitable again. “Blame the economy, blame the world. I wouldn’t call it expected, but I wouldn’t call it surprising,“ St. John’s University business professor Anthony Michael Sabino told the Post. more ›

Filene's has made a tradition of brides scrambling for wedding gown steals with "The Running of the Brides," and today, there was one at the Union Square location. Racked was there and dazed reporter . Fawnia Soo Hoo wrote, "I thought I'd seen it all at sample sales, but there are girls in bras and undies everywhere and these pervy news guys are loving it. They keep walking through the crowd and talking snaps. These women are all going to end up in the newspaper in their underwear!" Also, there was the opening stampede—check out this video more ›

When the NY Times article on how the economy shrunk 6.2% last quarter starts off with, "The economy is spiraling down at an accelerating pace, threatening to undermine the Obama administration’s spending plans..." is it any surprise that over a thousand brides-to-be flocked to the Union Square Filene's Basement to participate in the "Running of the Brides"? The annual event (in NYC; it's held twice a year in Boston) offers wedding gowns—which usually retail for $700 to $10,000—at $249, $499 and $699. more ›

Early this morning brides-to-be lined 14th Street in hopes of finding their dream dress at a discount price. The annual wedding dress sale at Filene's Basement, dubbed The Running of the Brides, included around 2500 gowns (of which reportedly zero are left). And every lady wants to find the designer dress with an off-the-rack pricetag, which can be akin to finding a needle in a haystack. Typically dresses go for $249 to $699, and would normally cost around $10,000. more ›