November 24, 2008

Can profit be made with such low prices?

Apparently not because on Wednesday for the second time in five months Steve & Barry’s filed for bankruptcy. The home of cheap college apparel, Bitten by Sarah Jessica Park, Dear by Amanda Bynes, also lines by Venus Williams and Stephon Marbury is going under. The super low prices were an eye catcher to any consumer but apparently that just isn’t enough. The Steve & Barry’s started their liquidation sales last Thursday. The new owners intend to initially close 103 of the chains then maybe another 276 store. Well head to Steve & Barry’s I hear their having a great sale! Buy all the tee shirts and sweat shirts you can because we all know at the book store they will be so much more.

No bail out for this company.
R.I.P- Steve & Barry’s

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