Exhibit 10.42

THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT

     This THIRD AMENDMENT is dated as of the 25th day of November, 2000 and is
by and between SUMMIT BANK having an office at 750 Walnut Avenue, Cranford, New
Jersey 07016 (the "Bank"), and SYMS CORP., a New Jersey corporation having an
address at One Syms Way, Secaucus, New Jersey 07094 (the "Borrower").

                              W I T N E S S E T H:
                               - - - - - - - - - -

     WHEREAS, the Borrower and the Bank have entered into a Revolving Credit
Agreement dated as of December 1, 1993, as amended by that certain First
Amendment to Revolving Credit Agreement dated as of November 24, 1997, as
further amended by that certain Second Amendment to Revolving Credit Agreement
dated as of May 27, 2000 (as amended, the "Credit Agreement"); and

     WHEREAS, the Borrower and the Bank have agreed to amend certain terms of
the Credit Agreement as more fully described herein.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby agree
as follows:

     1. Definitions. Except as otherwise defined herein, terms defined in the
Credit Agreement shall have the same meaning when used herein.

     2. Amendment of Credit Agreement. The Credit Agreement is hereby amended as
follows (all Section references are to the corresponding Sections of the Credit
Agreement):

     2.1 Section 6.11 is amended to read as follows:

          "EBITDA. The Borrower's Consolidated EBITDA, determined on a trailing
          four-quarters basis, shall not be less than (a) $12,500,000 as at the
          fiscal quarter ending May 27, 2000, (b) $14,500,000 as at the fiscal
          quarter ending August 26, 2000, and (c) $11,000,000 as at the fiscal
          quarters ending November 25, 2000 and March 3, 2001."

     3. Waiver. The Bank hereby waives as of November 25, 2000, on a one-time
basis, the Borrower's compliance with the EBITDA covenant set forth in Section
6.11 of the Credit Agreement for the Borrower's fiscal quarter ended November
25, 2000.

     4. Representations and Warranties. In order to induce the Bank to enter
into this Agreement and amend the Credit Agreement as provided herein, the
Borrower hereby represents and warrants to the Bank that:



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     (a) All of the representations and warranties of the Borrower set forth in
the Credit Agreement are true, complete and correct in all material respects on
and as of the date hereof with the same force and effect as if made on and as of
the date hereof and as if set forth at length herein (except that
representations and warranties which are expressly stated to be as of a certain
date are true, complete and correct in all material respects as of such certain
date).

     (b) After giving effect to the waiver described in Paragraph 3 hereof and
the amendment to the Credit Agreement described in Paragraph 2 hereof, no
Default or Event of Default presently exists and is continuing on and as of the
date hereof.

     (c) Since the date of the Borrower's most recent financial statements
delivered to the Bank, no material adverse change has occurred in the business,
assets, liabilities, financial condition or results of operations of the
Borrower, and no event has occurred or failed to occur which has had, or
reasonably may be expected to have, a material adverse effect on the business,
assets, liabilities, financial condition or results of operations of the
Borrower.

     (d) The Borrower has full power and authority to execute, deliver and
perform any action or step which may be necessary to carry out the terms of this
Agreement and all other agreements, documents and instruments executed and
delivered by the Borrower to the Bank concurrently herewith or in connection
herewith (collectively, the "Amendment Documents"); each Amendment Document to
which the Borrower is a party has been duly executed and delivered by the
Borrower and is the legal, valid and binding obligation of the Borrower
enforceable in accordance with its terms, subject to any applicable bankruptcy,
insolvency, general equity principles or other similar laws affecting the
enforcement of creditor's rights generally.

     (e) The execution, delivery and performance of the Amendment Documents will
not (i) violate any provision of any existing law, statute, rule, regulation or
ordinance, (ii) conflict with, result in a breach of or constitute a default
under (a) any order, judgment, award or decree of any court, governmental
authority, bureau or agency, or (b) any mortgage, indenture, lease, contract or
other agreement or undertaking to which the Borrower is a party or by which the
Borrower or any of its properties or assets may be bound, or (iii) result in the
creation or imposition of any lien or other encumbrance upon or with respect to
any property or asset now owned or hereafter acquired by the Borrower.

     (f) Except for such filing as may be required under the Securities Exchange
Act of 1934, as amended, which filing (if required) shall be made by the
Borrower as and when required, no consent, license, permit, approval or
authorization of, exemption by, notice to, report to, or registration, filing or
declaration with any person is required in connection with the execution,
delivery, performance or validity of the Amendment Documents or the transactions
contemplated thereby.

     5. Bank Costs. The Borrower agrees to reimburse the Bank for all reasonable
costs and expenses, including reasonable counsel fees and disbursements,
incurred by the Bank in connection with the Amendment Documents and the
transactions contemplated therein. If such amounts are not paid within ten days
of the Bank's request therefor, the Borrower hereby authorizes the Bank to
charge the Borrower's account for the amount of such fees and expenses.



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     6. No Change. Except as expressly set forth herein, all of the terms and
provisions of the Credit Agreement shall continue in full force and effect and
are hereby ratified and confirmed in all respects.

     7. Counterparts. This Agreement may be executed by the parties hereto in
separate counterparts and all such counterparts taken together shall constitute
one and the same instrument.

     8. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New Jersey.

     IN WITNESS WHEREOF, the Borrower and the Bank have executed this Agreement
as of the date above written.


                                             SUMMIT BANK

                                             By: /s/ CHRISTOPHER P KLECZKOWSKI
                                                 -----------------------------
                                                 Christopher P. Kleczkowski
                                                 Senior Vice President


                                             SYMS CORP.
Attest:

/s/ KIRK R. ONEY                             By: /s/ ANTONE F. MOREIRA
--------------------------                       ------------------------------
                                                 Name: Antone F. Moreira
                                                 Title: VP & CFO





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