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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?

By Jenn Abelson and Erin Ailworth
Globe Staff / June 16, 2009

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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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