Steve and Barry's

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Upstart discount-clothing retailer Steve and Barry's filed for bankruptcy in July, citing widespread credit woes.

On August 21 two investment firms purchased the company at auction, two weeks after Steve and Barry's found a different private equity buyer.

Last week, the company's new owners announced the closing of 103 stores, leaving 173 still operational. The closings began yesterday.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on September 25, 2008 4:34 PM.

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