Filene’s Basement Files for Bankruptcy

Apparently, personal shopping services can only do so much…

The discount department store filed for Chapter 11 bankruptcy (which I guess isn’t as bad as chapter 7) this morning in an effort to reorganize their corporate structure. So what does this mean for us shoppers? Nothing right now… hopefully the store will be able to turn things around because we need MORE discount stores… not less.
Read the AP article

(Full Disclosure: Back in the day.. like waaaay back in the day.. I used to work at the Filene’s Basement in the Mall of America. Once, the Reggae star Shabba Ranks came into my check out line, buying a pair of black socks for $1.99. He wore really dark sunglasses, even though it was 8pm at night. )

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