Filene's Basement to close stores

January 21, 2009 9:37:35 AM PST
Filene's Basement plans to close about a third of its 36 stores -- including two in the Chicago area.

The chain, which is known for its annual "Running of the Brides" gown sale and discounted clothing, has been unable to negotiate rent reductions at several locations and plans to close those stores by the end of next month.

Filene's has two stores in downtown Chicago as well as one in Orland Park and Schaumburg. No announcement yet on which stores will close.