Steve and Barry's liquidating

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Despite a private equity buyout earlier in the year, Steve & Barry's stores will be selling all merchandising and closing the entire business in the coming months. The chain previously announced more than 100 store closings but was planning to run 173 existing stores. A lack of financing for continuing operations, caused by soft sales, resulted in the about-face. Affiliates of the new owners filed for Chapter 11 bankruptcy protection Wednesday.

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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 November 20, 2008 1:41 PM.

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The day in bankruptcies, Nov. 20 is the next entry in this blog.

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