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Steve & Barry’s might close 100 stores
Thu. July 03 - 2008
IBJ Staff

Steve & Barry’s LLC, a clothing retail chain with stores in Washington Square and Lafayette Square malls, is considering closing 100 stores as it struggles to pay its debts, according to published reports this week.

It isn’t clear how many stores would close, and whether any closings would sweep in the Indianapolis locations.

In a story first reported by The Wall Street Journal earlier this week, the Port Washington, N.Y., company is at risk of having to close all 275 of its stores if emergency financing can’t be located.

A bankruptcy law firm is discussing options with the company, the Associated Press reported.

Steve & Barry’s became known for pricing clothes and accessories below $19.98 and marketing through celebrities, including tennis star Venus Williams.

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BPowell
Fort Worth , TX - US
 Posted on Sat, Jul 05 2008 # 1    |    Report as bad post.    |    Reply    

WOW

I just saw a story about the great success of S&B. I am so tired of CEO hype when the books look like SH*T. That comment also goes to area CEO's. I'm in love in Jan. Invest in Feb. Broke in June...
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