- Citigroup Talks, But Nothing 'Walks' To Stabilize
- Soros: More Money Needed For U.S. Bailout
- HP Earnings: How Much Will "Hurt" From Economy?
- Obama Warns On Economy: Works On Stimulus Plan
- Citigroup's Ills May Signal Market Isn't Near Bottom
- US Inflation Bonds Hit by Deflation, May Recover
- Pros Say: Market Will Drop 5-10% — Ford Will Boom
- Bonds Drop on Profit-Taking, Geithner Move
- Jack Welch on Detroit: Let Them Go Bankrupt
- Out with Cox, in with Uptick Rule
- Pops & Drops: Hewlett-Packard, JP Morgan & Air Wagoner
- Mad Money Green Week: Owens Corning
- Fast & Furious: It's All About Soup
- Web Extra: The Trade on Walmart and RIMM
- Chartology: Grossly Oversold and Favoring the Upside
- The "Armageddon" Gameplan
- What's Next for Citigroup?
- What to Expect From a Geithner-led Treasury
Text Size 
U.S. apparel chain Steve & Barry'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.
Several retailers, including Sears Holdings [SHLD
Loading...
()
] and Gap [GPS
Loading...
()
] have expressed interest in the Port Washington-based company, or at least some of its brands, the people told the paper.
Mall owners courted the retailer with large payments to outfit its stores.
Those payments and not clothing profits fueled the company's growth, the paper said.
When the payments slowed, Steve & Barry's folded.
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, the paper said.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes