Filene’s Next to Go?

Crain’s reports:

Time may be running out for brides to dash to Filene’s Basement. The off-price retailer, famous for its Running of the Brides discount wedding dress events, is on the block. In a filing with the Securities and Exchange Commission Friday, the chain’s Columbus, Ohio-based parent Retail Ventures Inc. said efforts to cut costs “is not likely to lead to sustainable operations for Filene’s basement.”

In January, Retail Ventures had announced the closing of 11 underperforming Filene’s stores, including one in Levittown, N.Y. Yet performance at the remaining 25 locations, which include four in New York City, “has continued to deteriorate significantly since that time,” according to the filing. Retail Ventures, which also owns footwear chain DSW Inc., said it will delay the filing of its annual results with the SEC.

Similar Posts

  • Latest New School Construction Update

    Next week (July 1 to July 5), material and equipment deliveries and installation work will continue on all floors inside the building. We will be working on the new sidewalk around the building on 13th st. Additionally we will be working on the roofs of the building. There will be no work on July 4th holiday.

    The following week (July 8 to July 12), material and equipment deliveries and installation work will continue on all floors as well as sidewalk work.

  • Liquor License Action in the Area

    As reported by Eater.com
    Corkbuzz was up first, Laura Maniec, formerly the beverage director at BR Guest and one of 18 female Master Sommeliers, seeks to open Corkbuzz at 13 East 13th Street and obviously needs a full liquor license for this restaurant… or is it obvious? Corkbuzz would primarily be a restaurant but would also seek to celebrate, explore and enjoy wine. The community was very mixed on this one. Although there was tons of support for the wine-centric restaurant coming to the neighborhood, some wondered why they were seeking a full license and not just wine and beer. The community members did not want another full license on this block, especially since this location had not been licensed before. One board member actually had the audacity to grill her on her experience, even though she clearly mentioned that she had been involved in nearly 10 restaurant openings and was made partner at BR Guest after a relatively brief time there. In the end, they voted to deny the application unless certain stipulations were met (including closing at 1AM on Thursday-Saturday, not using outside promoters), because they thought the applicant was unique and special.

    2) The man behind Caliente Cab Company is looking to pick up the old Buona Sera space at 94 University Place. They were hoping for a full liquor license for their restaurant, which would be a sort of Mexican and Asian-fusion. There would be a limited food counter and a limited bar and they’re working with a chef at Nobu on the menu development. They actually came having already reduced their hours, but they still received somewhat mixed reviews from the community. They were approved with a deny unless they agreed to certain stipulations. Oh, and don’t expect a happy hour here…they think it isn’t pro-community and attracts the college crowds.

  • Summertime Movies in Union Square Park

    Enjoy beloved films under the stars at these free outdoor screenings presented by Alamo Drafthouse on four select Thursdays in Union Square Park. Arrive early to enjoy fun pre-show activities starting at 7 p.m., and bring your own blanket to secure a cozy spot before the movies begin at 8 p.m. Limited seating will be available on a first-come, first-served basis.

    2025 Schedule:

    • July 24: The Muppets Take Manhattan

    • July 31: Men in Black

    • August 7: The Taking of Pelham One Two Three

    • August 14: 13 Going on 30

  • Asian Arcade Games on 14th St.

    Partea, an arcade with bubble tea and fried chicken sandwiches, opened in Flushing, Queens back in September 2020. Now, the team has expanded across the water to Manhattan, with a new outpost at 220 E. 14th Street, near Third Avenue, in Union Square. Like in Queens, certain meal combos come with “surprise” plushie toys, and there’s a snack menu to pick from that includes Taiwanese sausages, cuttlefish balls, and spicy wings. The Union Square location is currently open, and a grand opening party is planned for August 18. Meanwhile, the team is already plotting a west coast expansion, with Parteas planned for West Covina and Little Tokyo, in Los Angeles. Partea Union Square will stay open most nights until 11 p.m.

  • The Neighborhood Commerical Real Estate Update

    The Union Square Partnership Business and Broker Report for the 1st quarter updates us on what’s new and pulsating in the neighborhood.

    Union Square has started the year off on a high note with 10 new business openings and foot traffic recovering to 99% of 2019 levels, a 4% increase from the last quarter. Newcomers include a range of quick service eateries and high-profile sit down establishments, such as the new Coastal Indian
    restaurant Kanyakumari from well-regarded Fungi Hospitality. Popular mattress retailer Saatva joined the established home goods corridor on Broadway, and Sweet Cats Cafe brings more family-friendly entertainment to the neighborhood.