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Steve & Barry could be bankrupt soon
High flying fashion retailer Steve & Barry's may be heading for a fall. According to a report in today's Wall Street Journal, the company is planning to close more than 100 stores and may be considering a complete sell-off. Earlier this year, the chain was seen as a rare success story in the increasingly bleak retail sector. Steve & Barry's stores were popping up all over the place. Now, the company is looking for $40 million to stay afloat. If they don't find it, they could file for bankruptcy later this week.
Posted by Melissa Kaplan on July 1, 2008 6:47 AM PT | Permalink
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