Description: Rare Vintage 1970s SYMS Retail Clothing Department Store Advertising Employee “Joseph” Badge Button Pin. 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 Financial District. 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. The company slowly expanded during the 1960s and 1970s. The company aired its first television commercial 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. By 1983, Syms had taken the company public with an initial public offering, netting himself about $25 million in the process, and expanded the chain to include eleven retail 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 chief executive officer, though Sy remained as chairman of the board and continued to come to work every day. 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 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 Chapter 11 bankruptcy protection, with all stores to close by the end of the year. The combined companies had 46 locations and employed some 2,500 workers. Excellent Condition. Measures 2 3/4 inches. Bin#FF1.
Price: 16 USD
Location: Toms River, New Jersey
End Time: 2024-11-30T05:50:56.000Z
Shipping Cost: 4 USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Brand: Syms Department Store
Type of Advertising: Pin
Date of Creation: Vintage
Theme: Department Stores
Original/Reproduction: Original
Country/Region of Manufacture: United States
