Syms CEO and Chairman Marcy Syms to Ring NASDAQ Closing Bell on September 15 - Three Co-Branded fbSY Stores to Open on September 16

SECAUCUS, N.J., Sept. 15 /PRNewswire-FirstCall/ -- Syms Corp (Nasdaq: SYMS), the leading off-price retailer, announced today that CEO and Chairman Marcy Syms will preside over the NASDAQ closing bell ceremony on Wednesday, September 15, 2010. The following day, uptown at Broadway between 79th and 80th Streets, Syms will open a new fbSY (fib-SEE), a co-branded Filene's Basement and Syms Tailored & Tux store designed to attract both Syms and Filene's Basement devotees. In addition to the Manhattan location, two other fbSY stores will open the same day, September 16, in Elmsford, New York (Westchester County) and in Westbury, Long Island. Syms will also be unveiling a new flagship fbSY store on Fifth Avenue, set to open late spring of 2011.

"This is a very important week in the history of our company," says Ms. Syms. "The NASDAQ ceremony symbolizes our ringing in an exciting new era for the Syms and Filene's Basement brands as we open the three fbSY destinations in New York. Customers will be thrilled by the expanded choice of American and especially European designer labels we offer in these stores, and even more so by the prices we are able to deliver."

Last month Syms was named the nation's fastest growing retail chain, topping the chart of the "Hot 100 Retailers" recognized by the National Retail Federation and STORES magazine. Since the Syms acquisition of Filene's Basement last year, the company has been expanding its long time footprint in the men's off-price retail space to include the devoted Filene's core female customer base. Syms has already opened three fbSY stores this year in Massachusetts and Connecticut.

The ceremony will begin at 3:50pm Eastern time, with remarks from Ms. Syms just prior to the closing at 4:00pm. A live webcast of the NASDAQ closing bell will be available at http://www.nasdaq.com/about/marketsitetowervideo.asx and afterwards on www.syms.com and www.filenesbasement.com.

Syms Corp currently operates a chain of 47 "off-price" apparel stores located predominantly on the East Coast under the Syms and Filene's Basement names. Each Syms and Filene's Basement store offers a broad range of first quality, in season merchandise bearing nationally recognized designer and brand-name labels.

Forward-Looking Statements

Certain information in this press release includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) and information relating to Syms Corp and its subsidiaries that are based on the beliefs of Syms' management, as well as assumptions made by and information currently available to Syms' management. When used in this press release, the words "anticipate", "believe", "estimate", "expect", "intend", "plan" and similar expressions as they relate to Syms Corp and its subsidiaries, identify forward-looking statements. Such statements reflect the current views of Syms Corp with respect to future events, the outcome of which is subject to certain risks, including, among others, general economic and market conditions, decreased consumer demand for Syms' and Filene's Basement's products, possible disruptions in Syms' computer or telephone systems, possible work stoppages or increase in labor costs, effects of competition, the impact of integrating Filene's Basement's business and Syms Corp's existing business, possible disruptions or delays in the opening of new stores or inability to obtain suitable sites for new stores, higher than anticipated store closings or relocation costs, higher interest rates and borrowing costs, unanticipated increases in merchandise or occupancy costs, and other factors which may be outside control of Syms Corp. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein as anticipated, believed, estimated, expected, intended or planned. Subsequent written and oral forward-looking statements attributable to Syms Corp or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements in this paragraph.

For further information, please contact Davia Temin or Trang Mar of Temin and Company at 212-588-8788 or [email protected].

SOURCE Syms Corp

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