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Tag Archives: Bankruptcy

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Say “bye, bye” to clothing at ridiculous prices and too-good-to-be-true fabulous finds from Sarah Jessica Parker.

But first, say “hello” to Steve & Barry’s LIQUIDATION SALES!

They’ll last five to seven weeks, with some stores closing sooner.

According to AP reports, the inventory to be liquidated is worth about $250 million.

As we know, Steve & Barry’s filed for bankruptcy in July.

Despite statements that they’d remain open, they’re conceding to nationwide closure.

According to AP,  the chain “fell victim to the deteriorating consumer spending climate.”

So sad!

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Steve & Barry’s LLC has announced that it filed for Chapter 11 bankruptcy on Wednesday.

We haven’t yet figured out what this means for the millions of consumers who probably flood their stores in search of easy-on-the-pocket clothing.

Will prices go up?

Will some of the designers and lines like SJP’s Bitten be dropped?

Will they forgo plans to add Ciara to the celeb designer lineup?

Will some of the stores be closed down?

Who knows…

We’ll keep you posted.

Meanwhile Steve and Barry’s has released a statement assuring customers that its 276 retail locations are open today and conducting business as usual.