Thursday, July 10, 2008

Fashion News: Steve & Barry's Files for Bankruptcy

Steve & Barry's, the bargain-priced clothing store the general public knows best for selling Sarah Jessica Parker's BITTEN line, filed for Chapter 11 yesterday. So, now we know the answer to the question we were all asking when Steve & Barry's hit our radar: "How can they possibly make a profit on clothes that cost $8.98?"  The unsurprising, though unfortunate, answer: they can't.

No word yet on store closures, but if you're a fan of SJP's BITTEN or Amanda Bynes' dear line, I suggest you hop to it.

For more info, see: MarketWatch


Elisabeth said...

Wow; how is it possible I've never heard of them!? Yikes... I'm more out of the loop than I thought!

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