Filene’s Basement to Close One-Third of Its Stores

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Filene's Basement plans to close 11 of its 36 stores because it can't afford the rent. The shutterings include two locations in Pennsylvania, and one each in New Jersey and New York. Aw, Filene's is like a good friend — if you need warmer shoes or socks or a sweater on the fly, it's always there for you. [Boston Globe]