Syms Corporation
Syms Corp (styled as SYMS) was an off-price retail clothing store chain, founded by Sy Syms in 1958. Its headquarters was in Secaucus, New Jersey, where it became a public company, traded on the New York Stock Exchange (SYM) in 1983. The company also owned Filene's Basement, which it acquired in June 2009.
| Company type | Defunct |
|---|---|
| Industry | Retail |
| Founded | 1958 New York City |
| Founder | Sy Syms |
| Defunct | 2011 |
| Fate | Chapter 11 bankruptcy protection, followed by closure |
| Headquarters | , United States |
Number of locations | 55 Syms and Filene's Basement |
Key people | Sy Syms Marcy Syms |
| Products | Clothing |
| Subsidiaries | Filene's Basement (acquired in 2009) |
At its height, the company and its subsidiary collectively owned and operated a chain of 55 "off-price" retail stores in 16 states; the company employed approximately 3,800 full and part-time workers. Each SYMS and Filene's Basement store offered a broad range of merchandise from nationally recognized designer or brand-name labels for men, women, and children.
On November 2, 2011, SYMS and Filene's Basement collectively filed for Chapter 11 bankruptcy protection. All SYMS and Filene's Basement stores were closed at the end of December 2011.