|   |
|--------|

| T | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

| For the fiscal year ended February 26, 2011 |
|---------------------------------------------|

| OR |
|----|

| £ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

| Commission file number 1-8546 |
|-------------------------------|

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| NEW JERSEY                               | No. 22-2465228                       |
|------------------------------------------|--------------------------------------|
| (State or Other Jurisdiction of          | (I.R.S. Employer Identification No.) |
| Incorporation or Organization)           |                                 |
|                                     |                                 |
| One Syms Way, Secaucus, New Jersey       | 07094                                |
| (Address of Principal Executive Offices) | (Zip Code)                           |

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|   |
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|   | SYMS CORP |
|--------|-----------|

| EXPLANATORY NOTE |
|------------------|

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|   | SYMS CORP |
|--------|-----------|

| (a)(3) | List of Exhibits: |
|--------|-------------------|

| 2.1 | Purchase Agreement, dated as of June 18, 2009, by and among SYL, LLC, a wholly owned subsidiary of Syms Corp, Filene's Basement, Inc. and FB Leasing Services (exhibit 10.1 to Current Report on Form 8-K dated June 24, 2009). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2*+ | Purchase and Sale Agreement, dated as of February 28, 2011, with Hines Interests Limited Partnership, a Delaware limited partnership, as Purchaser, for the sale of property located at 1900 Chapman Avenue, Rockville, Maryland |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1 | Certificate of Incorporation of Syms Corp and amendment to the Certificate of Incorporation (exhibit 3.1 to to the Registrant’s Annual Report on Form 10-K for the year ended February 26, 2011) |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Amended and Restated By-laws of Syms Corp (exhibit 3.1 to Current Report on Form 8-K dated January 12, 2009). |
|-----|---------------------------------------------------------------------------------------------------------------|

| 4.1 | Specimen Certificate of Common Stock as filed in the Registration Statement. |
|-----|------------------------------------------------------------------------------|

| 10.1 | Ground Lease at One Emerson Lane, Township of Secaucus, Hudson County, New Jersey Assignment and Assumption of Ground Lease, dated May 8, 1986, to Registrant (exhibit 28.1 to Current Report on Form 8-K dated May 1986) |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Syms Corp 2005 Stock Option Plan, as amended (exhibit 10.4 to Current Report on Form 8-K dated August 5, 2005) |
|------|----------------------------------------------------------------------------------------------------------------|

| 10.4.1 | Form of Nonqualified Stock Option Award Agreement for 2005 Stock Option Plan (exhibit 10.1 to Current Report on Form 8-K dated August 5, 2005) |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4.2 | Form of Incentive Option Award for 2005 Stock Option Plan (exhibit 10.2 to Current Report on Form 8-K dated August 5, 2005) |
|--------|-----------------------------------------------------------------------------------------------------------------------------|

| 10.4.3 | Form of Restricted Stock Award for 2005 Stock Option Plan (exhibit 10.3 to Current Report on Form 8-K dated August 5, 2005) |
|--------|-----------------------------------------------------------------------------------------------------------------------------|

| 10.5*+ | Credit Agreement, dated as of August 27, 2009, by and among Syms Corp, SYL LLC, the guarantors party thereto from time to time, the lenders party thereto from time to time and  Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer (the “Credit Agreement”) (re-filed; formerly filed as exhibit 10.1 to Current Report on Form 8-K dated September 1, 2009) |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.6 | First Amendment to the Credit Agreement, dated as of January 7, 2011 (Exhibit 10.1 to the Registrant’s Current Report on Form 8-K dated January 7, 2011) |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.7 | Second Amendment to the Credit Agreement, dated as of March 8, 2011  (exhibit 10.7 to the Registrant’s Annual Report on Form 10-K for the year ended February 26, 2011) |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.1 | List of Subsidiaries (exhibit 21.1 to the Registrant’s Annual Report on Form 10-K for the year ended February 26, 2011) |
|------|-------------------------------------------------------------------------------------------------------------------------------|

| 23.1 | Consent of BDO USA, LLP (exhibit 23.1 to the Registrant’s Annual Report on Form 10-K for the year ended February 26, 2011) |
|------|----------------------------------------------------------------------------------------------------------------------------------|

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|   | SYMS CORP |
|--------|-----------|

| 31.1* | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of  2002 |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2* | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities and Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(b) under the Securities and Exchange Act of 1934 and 18.U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (exhibit 32.1 to the Registrant’s Annual Report on Form 10-K for the year ended February 26, 2011) |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(b) under the Securities and Exchange Act of 1934 and 18.U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (exhibit 32.2 to the Registrant’s Annual Report on Form 10-K for the year ended February 26, 2011) |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| * | Filed herewith |
|---|----------------|

| + | Portions of these exhibits have been omitted pursuant to a request for confidential treatment. The omitted portions have been filed with the Commission. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | SYMS CORP |
|--------|-----------|

| SIGNATURES |
|------------|

| SYMS CORP |
|-----------|

| By:    |   | /s/ Gary Binkoski                                 |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | Gary Binkoski                                                                                                                                                                                                          |
|   |   | Chief Financial Officer                                                                                                                                                                                                |
|   |   | (Principal Financial Officer)                                                                                                                                                                                          |