On Your Side: Steve and Barry's Bankruptcy

By: Jeff Anderson Email
By: Jeff Anderson Email

News 12 at 6, July 8, 2008

NORTH AUGUSTA--Just one week after coffee giant Starbucks announced it's closing 600 stores, another big American company, Steve and Barry's says it will be filing for bankruptcy. It may shut down a number of its stores too.

Low-priced retail chain Steve and Barry's has filed for Chapter 11 bankruptcy, and there are reports that the company could be closing the doors of at least 100 stores because of that.

12 On Your Side put in a call to the North Augusta location and the person who answered the phone said that store will not be closing. We were not able to verify that information with the corporate office as of yet.

The company's website does not mention anything on it about the bankruptcy.

The Associated Press says company officials are blaming the bad economic times as the reason.

The retailer had been expanding rapidly. It had been making its mark as place where you could get good quality inexpensive clothes, most of it for under 10 dollars.

It had several celebrity endorsers including Sarah Jessica Parker, NBA players Stephon Marbury and Ben Wallace and even tennis great Venus Williams.

WRDW.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 newsroom@wrdw.com Fax: (803) 442-4561
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 24272864 - wrdw.com/a?a=24272864
Gray Television, Inc.