You don't have to go underground to get to Filene's Basement. The retailer operates about 25 stores under the Filene's Basement and fbSY banners in Massachusetts, New York, and half a dozen other states and the District of Columbia. The stores sell off-price men's and women's designer and name-brand apparel and shoes, as well as jewelry and home goods. Founded in Boston in 1909 by Edward Filene, the company in 2009 was acquired out of bankruptcy by rival off-price retailer Syms Corp. In late 2011 Filene's Basement, along with Syms Corp., filed for Chapter 11 bankruptcy protection.