Bitten as in the Sarah Jessica Parker line for Steve & Barrys? I really hope S & B's isn't going bankrupt. They just opened a new store up by where my mom lives.
I don't really either, but If I'm looking for an outfit I know I'll wear once or a shirt to wear to a sporting event I'll go there.
This is from wikipedia:
"
As of June 21, 2008, the retailer has been seeking at least $30 million to fund operations through 2008. They are freezing all assets and have hired a bankruptcy lawyer to advise on filing for Chapter 11. The company is deficient in paying back a $200 million credit loan from General Electric Commercial-lending unit.[10] On July 1, 2008, The Wall Street Journal reported that the struggling company may close approximately 100 of its 245 stores as a prelude to the liquidation of the entire chain.[11] The company does not have enough capital to take it through the end of the year and is actively trying to secure financing to take it through the holiday season.
The firm filed for bankruptcy protection under Chapter 11 on July 9, 2008 according to The Wall Street Journal. As of yet, all stores will remain to be open with the store's return policy, store credit and gift cards unchanged. Founders and co-Chief Executives Steve Shore and Barry Prevor stated that liquidity concerns and the generally harsh conditions for retailers in recent months.[1]
The AP reported that Steve & Barry's is considering a plan to sell all or some of its assets to repay its outstanding debt. [12] Steve & Barry's is also in talks with Sears Holdings Corporation for a possible bailout. It's reported that Sears may be interested in buying some or all of Steve & Barry's brands.[13]
It was believed that Steve & Barry's annual sales were in the range of $1 billion dollars. Bankruptcy documents reveal annual sales of $656.6 million dollars. [14] Any potential suitor for Steve & Barry's would have to deal with the $638 million dollars in liabilities that Steve & Barry's has. [15]"
My collection of plastic supermarket bags used to burst from its storage caddy beneath the kitchen sink, and not even reusing them for cat-box refuse or as packing materials ever seemed to make a dent. It's no wonder that it had gotten so out of control-I'd started noticing that the cashiers at my local supermarket use way more plastic bags than necessary to pack my groceries.
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Jania