U.S. apparel chain Steve & Barry's LLC's Chapter 11 bankruptcy filing last week is likely to lead to its liquidation, The Wall Street Journal said on Monday citing people involved in the case.
The apparel chain was the house for Sarah Jessica Parkers ridiculously cheap clothing line called 'Bitten' and Steve & Barry's demise was consequently the demise of 'Bitten' No word on whether or not the line will find a new home with the likes of Walmart or Target but the liquidation of goos should make for some decent Salvation Army finds.
The collapse of the 276-store chain may hurt dozens of malls as they stand to lose a big anchor tenant and strike a blow to commercial landlords already reeling from weak consumer spending and a string of bad news from retailers.
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