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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“fell victim to the deteriorating consumer spending climate”?
I hate the way they use that as an excuse… if you read the WSJ article, you can clearly see their business model was set-up for failure.
This didn’t have to end this way, but poor business practices claimed this one – not the economy.
JJRC
I agree, their price point was great and people were shopping. Mismanagement or as the other poster stated, poor business practice lead them to an early demise. In this economic climate right now. Stores like Steve and Barry with items priced under $30 dollars are doing well. Family Dollar Stock is up by 42% so they can’t put that one off on the consumer.