Yes, NYC does have a Filene's Basement- but truth be told it is like nothing compared to the original in Boston. Century 21 is comparable to what the Boston Filene's basement is- great designer discounts by the bundle. On my last occassion to visit- I scooped up a plethora of Prada items like t-shirts and skirts for under $40 a piece! It was so exciting. On other visits I have found bargains from designers like Chloe and Lulu Guinness. This store has a range of qualities and prices- perfect for any fashionista!
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