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Syms wins battle for the Basement
A $62.4 million offer pushes aside Men's Wearhouse, but can it bring automatic markdowns back downtown?
Discounter Syms Corp. unseated Men's Wearhouse yesterday as the winner of the bankrupt Filene's Basement chain with a $62.4 million bid for the bargain business. But it's unclear whether the 100-year-old brand will return to its Downtown Crossing flagship site, famed for the automatic markdown policy. (Full article: 796 words)
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