NEW YORK (AP) - Retailer Steve & Barry's has filed for
bankruptcy. The seller of low-priced clothing is the latest
retailer to fall victim to the slowdown in consumer spending.
Steve and Barry's says it is considering a plan to sell assets
to pay debt.
The chain based in Port Washington, New York operates 276
locations in 39 states.
Company officials cite a cash crunch linked to tight credit
markets and general sluggish economic conditions. That hurt plans
to open stores and its ability to borrow money. The chain has sold
clothing under licensing agreements with celebrities including
Sarah Jessica Parker.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.