Filene’s Basement files for bankruptcy, to close in 2012
The historic Massachusetts discounter, which has about 21 stores and 1,555 employees, filed for bankruptcy today and will liquidate its inventory through the holiday season.
Globe File Photo
The first Filene’s Basement opened in 1909. Its flagship store in Downtown Crossing, shown here, closed in 2007.
Globe File Photo
The chain pioneered the concept of bargains when it devised a system of automatic markdowns.
Globe File Photo
Shoppers crowded the Filene's Basement store in Downtown Crossing in 1953.
Globe File Photo
Shoppers lined up outside the Filene’s Basement store in Downtown Crossing in this photo circa 1970.
Globe File Photo
Shoppers rummaged through bins of clothes in 1988.
Globe File Photo
In 2006, Filene's Basement opened a store on Boylston Street in Boston.
Globe File Photo
The demise of Filene’s Basement also means the end of its popular "Running of the Brides" event.
Globe File Photo
Hundreds of frenzied brides-to-be would hunt for discounted gowns at the bridal events.
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