Incredible news this week on Steve & Barry’s–if you have not heard already, they filed for Bankruptcy on Wednesday and will be going into liquidation asap. According to NY Times DealBook blog, there are several dozen irate vendors speaking their mind on the situation. Clearly the company had a pattern of not paying vendors or paying very late, among other distasteful behaviors. While their downward fall is unexpected news to me – it certainly is a lot sooner than I even expected.
Green Cotton just covered a 2 part series on Steve & Barry’s in May ‘ “The Cheapest Dress in the World Part I and Part II – and I just wrote a piece on this latest news aptly entitled, ‘Part III’ on our new site. Come check our latest story on Steve & Barry out.
Photosource: Mark Lennihan/Associated Press as seen in The NY Times