January 21, 2009
A sign outside the Filene's Basement store at The Waterfront in Homestead indicated it is closing.
According to a report in The Boston Globe, the Burlington, Mass.-based discount retailer is closing 11 of its 36 stores due to challenges in renegotiating rents at some of its locations.
A call to Filene's parent company, Retail Ventures Inc., was not immediately returned Wednesday morning.
The company, founded in 1909 and renowned for its low prices and annual bridal gown sale, is headquartered in Burlington.
The Waterfront store opened in 2002.
Information on a final closing date for The Waterfront store, or on other stores slated for closure, was not immediately available Wednesday.
