The teary news that Syms and its subsidiary Filene's Basement are filing for bankruptcy and may soon disappear completely has one silver lining. It gives us an excuse to bring up this important PSA: Gentlemen, buy a damn tuxedo already! Just get it and forget it, and you'll save a few bucks in the long run. more ›

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 ›

Clothing retailer and Brooklyn native Sy Syms passed away at age 83 from heart failure yesterday in Manhattan. According to the NY Times' obituary, he "pioneered selling off-price clothing and built his retail chain, the Syms Corporation, into a national brand." more ›