Filene's Basement is a famous chain of retail markdown stores located in the state of Massachusetts. The store is known for its innovate markdown system, in which merchandise was initially discounted 25% for 12 days, then 50% for the next six days, then 75% for another six days, and then donated to charity if it didn't sell. The store no longer uses this system. Most people associate Filene's
. with an annual bridal event known as "The Running of the Brides," when the store slashes prices on designer wedding gowns and the racks clear in a matter of minutes. The event usually occurs once a year at the stores. Brides have been known to camp overnight to secure a place in line. For more information on Filene's Basement, including their world-famous bridal event, go to http://www.filenesbasement.com/.
