UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of Earliest Event Reported):   June 18, 2009


                                    Syms Corp
                   ------------------------------------------
             (Exact name of registrant as specified in its charter)


      New Jersey                 001-8546                   22-2465228
-----------------------   ----------------------    ----------------------------
    (State or other             (Commission              (I.R.S. Employer
     jurisdiction of             File Number)            Identification No.)
     incorporation)


     One Syms Way, Secaucus, New Jersey                       07094
-----------------------------------------------      ---------------------------
   (Address of principal executive offices)                 (Zip Code)


               Registrant's telephone number, including area code
                                 (201) 902-9600


                                 Not Applicable
           -----------------------------------------------------------
           Former name or former address, if changed since last report


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following   provisions  (see  General  Instruction  A.2.  below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))





Item 2.01  Completion of Acquisition or Disposition of Assets

On June 18, 2009, SYL, LLC (the  "Company"),  a wholly owned  subsidiary of Syms
Corp,  entered into, and consummated the transactions  contemplated by, an Asset
Purchase  Agreement  ("Purchase  Agreement"),  dated as of June 18, 2009, by and
among the Company,  Filene's Basement, Inc. ("Filene's") and FB Leasing Services
LLC ("FB Leasing" and together with Filene's, the "Seller").

Pursuant to the Purchase  Agreement,  the Company  acquired real property leases
relating to  twenty-three  Filene's store  locations and a distribution  center,
fixed  assets  and  equipment  at  such  locations,  inventory  at all  Filene's
locations (regardless of whether the Company has assumed the real property lease
for  the  subject  location),   certain  of  the  Seller's  contracts,   certain
intellectual property and certain other related assets. The Company also assumed
certain  obligations  under such  contracts of the Seller and the real  property
leases relating to the acquired locations.  Prior to the parties' entry into the
Purchase  Agreement,  the United  States  Bankruptcy  Court for the  District of
Delaware signed an order dated June 17, 2009, approving the sale of the Seller's
assets to the Company pursuant to the Purchase  Agreement and in accordance with
Sections 105, 363 and 365 of the United States Bankruptcy Code.

The  purchase  price  (the  "Purchase  Price")  paid at  closing  for the assets
acquired by the Company,  Vornado Realty Trust and its fifty percent owned joint
venture  (unrelated to the Company) was  $64,392,120,  of which the Company paid
$39,342,120  and, as more fully described  below,  Vornado and its joint venture
paid $25,050,000.

The  Purchase  Agreement  provides  that  the  Purchase  Price  consists  of (i)
$47,592,120,  plus (ii) the amount of the security deposits relating to acquired
leases  plus  (iii)  seventy  percent  of the  Seller's  cost of  acquiring  the
inventory  sold to the  Company  in the  transaction.  The  Seller  and  Company
calculated the Purchase Price due at closing based on estimates of such security
deposits and inventory  cost.  The Seller and Purchaser  agreed to reach a final
determination of the foregoing estimated amounts by not later than July 31, 2009
and to adjust the amounts paid or payable by the Company in order to give effect
to such final determination.

The Company is also obligated to pay certain cure costs in respect of two of the
assumed real estate leases and each of the other assumed contracts.

The Company funded its portion of the Purchase  Price,  as well as other amounts
it paid at closing,  as described  below,  with  borrowings  under the Company's
secured credit facility with Israel Discount Bank.

The $25,050,000 payment noted above was comprised of:

(a)   A joint venture (unrelated  to the Company) fifty percent owned by Vornado
paying  approximately  $16,800,000  of the  Purchase  Price to acquire  from the
Seller a termination of the venture's  existing  lease in Boston,  Massachusetts
with Seller; and

(b)   Vornado funding $8,250,000  in connection  with the Company's  agreeing to
amend  Vornado's  lease  assumed by the Company at 4 Union  Square  South in New





York,  New York,  to  provide,  among  other  things,  for a minimum  $1,500,000
increase in annual  rent.  The lease  between  Vornado and Filene's at Vornado's
Bergen Town Center in Paramus, New Jersey was also assumed by the Company.

The  foregoing  description  of the  Purchase  Agreement  does not purport to be
complete  and is  qualified in its entirety by reference to the full text of the
Purchase  Agreement,  which is filed as Exhibit 10.1 hereto and is  incorporated
herein by reference.



Item 8.01  Other Items

On June 18, 2009, Syms Corp.  issued a press release  regarding the consummation
of the transactions  contemplated by the Purchase Agreement,  a copy of which is
furnished as Exhibit 99.1.



Item 9.01  Financial Statements and Exhibits

(a)  Financial Statements of Business Acquired

     The financial  statements required by this Item 9.01(a) are not included in
this initial report on Form 8-K.  The financial  statements  will be filed by an
amendment to this report within the time period specified in the instructions to
Item 9.01 of Form 8-K.

(b)  Pro Forma Financial Information

     The pro forma  financial  information  required by this Item 9.01(b) is not
included in this initial report on Form 8-K. The pro forma financial information
will be filed by an amendment to this report within the time period specified in
the instructions to Item 9.01 of Form 8-K.


(c)  Exhibits

     Exhibit Number               Description
     --------------               -----------

     10.1                         Asset Purchase Agreement, dated as of June 18,
                                  2009, by and among Filene's Basement, Inc., FB
                                  Leasing Services LLC and Syms Corp.

     99.1                         Press Release dated June 18, 2009







                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                            SYMS CORP

                                            By: /s/ Philip A. Piscopo
                                                --------------------------------
                                               Name: Philip A. Piscopo
                                               Title:    Vice President and
                                                         Chief Financial Officer

Dated: June 24, 2009









Exhibit Index
-------------


     Exhibit Number               Description
     --------------               -----------

     10.1                         Asset Purchase Agreement, dated as of June 18,
                                  2009, by and among Filene's Basement, Inc., FB
                                  Leasing Services LLC and Syms Corp.

     99.1                         Press Release dated June 18, 2009