Finding Value in Filene's

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Discount luxury is hurting right along with regular luxury retailers, as Filene's position looks precarious. Retail Ventures’ decision to put Filene’s Basement up for sale could spell the end of the once-storied retailer, according to industry observers, who say the chain has lost its luster and the only real value left may be its store leases. The off-price chain’s leases are its most valuable assets, because the brand lacks the 'panache' it once had, particularly when department stores essentially have become discounters due to the economy." [Boston Herald]