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How Filene's Basement got sold at markdown

Some analysts say that the move by Filene's Basement to sell high-end merchandise in locales such as the Back Bay created confusion for shoppers. Some analysts say that the move by Filene's Basement to sell high-end merchandise in locales such as the Back Bay created confusion for shoppers. (Globe Staff Photo / Jonathan Wiggs)
By Robert Weisman and Erin Ailworth
Globe Staff / April 23, 2009

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Through a succession of owners who expanded, pulled back, and tinkered with the brand, Filene's Basement has never been able to recapture the magic of its original Washington Street location. (Full article: 919 words)

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