Originally Posted by The Globe
Main Filene's Basement store to close till '09
Filene?s Basement Inc., unable to find temporary quarters during a massive rebuilding project in Boston?s Downtown Crossing, will close its legendary flagship store from Aug. 31 to spring 2009.
The chain said that when the flagship store reopens, its famous automatic markdowns on prices will resume, something that had been in doubt.
The store will close as a plan to redevelop the former Filene?s building into condominiums, a hotel, offices, and retail space kicks into high gear.
??After an exhaustive search, Filene?s Basement was unable to identify a temporary location that was large enough to accommodate their existing operations,?? the company said in a prepared statement.
(By Chris Reidy, Globe staff)