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320:. The store, which was initially named Sy Merns, competed directly with his family's original store on Vesey Street. However, he was forced to shorten the store's name to SYMS after legal action was taken against him by his brother. Merns later had his name legally changed to Sy Syms to match the store.
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The early 21st century presented tough times for SYMS, with its first loss in its history in 2000, followed up by three more consecutive years of losses between 2001 and 2004. In 2009, the company acquired the bankrupt Filene's
Basement low-cost chain for $ 62.4 million. But the acquisition could not
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Sy Syms (1926–2009), who was born
Seymour Merinsky, was a former sports broadcaster and regularly appeared in the company's television and radio commercials. He is also credited with coining the company's slogan, "An Educated Consumer is our Best Customer". Syms was founder of the company and
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At its height, the company and its subsidiary collectively owned and operated a chain of 55 "off-price" retail stores in 16 states; the company employed approximately 3,800 full and part-time workers. Each SYMS and Filene's
Basement store offered a broad range of merchandise from nationally
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In 1958, after a dispute with his brother over the clothing store they had inherited from their father, then
Seymour Merns left to open a rival men's clothing store on Cortlandt Street in New York City's
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help the struggling company succeed in a poor economy and faced with increased competition from large department stores. On
November 2, 2011, SYMS and Filene's Basement collectively filed for
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Marcy Syms joined the family business in 1978 as director of marketing and real estate. In 1983, when SYMS Corp went public, she was named president and a year later, added the role of
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and the programing challenges it faces by diminished funding. In addition, she is the president of the Sy Syms
Foundation and an original trustee of the board of overseers at the
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locations. The company continued to expand throughout the 1980s and 90s, at its height peaking at forty-eight locations. In 1998, Sy's daughter Marcy Syms was named
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in 1974. In the commercial, SYMS debuted the company's slogan, "An educated consumer is our best customer." The slogan was used by SYMS until its close in 2011.
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remained chairman of the board until his death in
November 2009. His daughter, Marcy Syms, succeeded him as chair in January 2010.
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The company slowly expanded during the 1960s and 1970s. The company aired its first
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On
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recognized designer or brand-name labels for men, women, and children.
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572:"Syms Corp. Cleared To Reorganize As Real Estate Co. - Law360"
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Companies formerly listed on the New York Stock
Exchange
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Companies that filed for
Chapter 11 bankruptcy in 2011
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598:Fleming, Ashley; Dominguez, Robert (2011-11-02).
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540:"Sy Syms, Founder of Discount Chain, Dies at 83"
629:"Sy Syms, founder of SYMS Corp, Dies at Age 83"
486:"Founder of SYMS discount clothing store dies"
452:List of defunct retailers of the United States
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672:Companies based in Hudson County, New Jersey
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692:Defunct discount stores based in New Jersey
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106:Learn how and when to remove this message
276:retail clothing store chain, founded by
712:Retail companies disestablished in 2011
667:Clothing retailers of the United States
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702:American companies established in 1958
292:(SYM) in 1983. The company also owned
687:Defunct companies based in New Jersey
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722:1958 establishments in New York City
707:Retail companies established in 1958
662:2011 disestablishments in New Jersey
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44:adding citations to reliable sources
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657:1983 establishments in New Jersey
280:in 1958. Its headquarters was in
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348:Chapter 11 bankruptcy protection
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193:Chapter 11 bankruptcy protection
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635:(Press release). Archived from
31:needs additional citations for
538:Duhigg, Charles (2009-11-17).
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471:2011 10-K Form for Syms Corp.
519:www.referenceforbusiness.com
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384:chief executive officer
380:chief operating officer
340:chief executive officer
332:initial public offering
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498:on November 19, 2009.
325:television commercial
195:, followed by closure
717:Secaucus, New Jersey
697:Fort Lee, New Jersey
284:, where it became a
282:Secaucus, New Jersey
205:Secaucus, New Jersey
40:improve this article
217:Number of locations
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544:The New York Times
354:Company leadership
318:Financial District
259:(acquired in 2009)
55:"Syms Corporation"
444:New Jersey portal
392:public television
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200:Headquarters
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96:January 2017
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38:Please help
33:verification
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633:PR Newswire
268:(styled as
651:Categories
614:2017-01-16
581:2017-01-16
557:2017-01-15
524:2017-01-15
458:References
374:Marcy Syms
238:Marcy Syms
230:Key people
66:newspapers
552:0362-4331
274:off-price
272:) was an
266:Syms Corp
402:See also
246:Clothing
243:Products
132:Industry
365:Sy Syms
359:Sy Syms
311:History
278:Sy Syms
235:Sy Syms
179: (
171:Defunct
165:Sy Syms
161:Founder
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127:Defunct
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336:retail
135:Retail
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73:books
548:ISSN
270:SYMS
189:Fate
181:2011
174:2011
150:1958
143:1958
59:news
42:by
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