Filene's Basement, the landmark merchant that claims to have invented the bargain, today said it is planning to close nearly one-third of its 36 stores, including one in Framingham.
The chain, famed for its annual "Running of the Brides" gown sale, has been unable to negotiate rent reductions at 11 locations and plans to shutter those stores by the end of February, according to Julie Davis, general counsel of Retail Ventures Inc., the private parent company that owns Filene's Basement.
In addition to the Framingham location, stores to be closed include three in Maryland, two in Illinois, two in Pennsylvania, and one each in New Jersey, New York, and Virginia.
"In this economy, we are approaching landlords to effect rent reductions or other economic solutions to help us support these stores," Davis said. "We're still hoping there are some landlord negotiations that might help us keep stores."
Davis declined to comment on whether the store closings would mean cuts at the headquarters of Filene's Basement, which is based in Burlington.
(By Jenn Abelson, Globe staff)