Syms, Filene’s Basement to Liquidate

Syms Corp. filed the third Chapter 11 bankruptcy in its 52-year history last week. All 46 Syms and Filene’s Basement stores will close. In the filing, the company reports that the chains posted significant losses during the last two years. The company was put up for sale in May, but no buyers were found. The New Jersey-based company employs 2,500.