Steve & Barry's to close mall store | Bryan/College Station, Texas

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Published Wednesday, September 03, 2008 6:05 AM

Steve & Barry's to close mall store

Steve & Barry's will close its store in Post Oak Mall, a corporate spokeswoman for the clothing retailer said Tuesday.

Rachel Brenner, spokeswoman for the New York-based company, said the company didn't have a closing date for the store.

Steve & Barry's and 63 affiliates initiated Chapter 11 bankruptcy proceedings in early July, blaming a poor economy.

BH S&B Holdings, a newly formed affiliate of investment firms Bay Harbour Management and York Capital Management, bought the company out of bankruptcy in August.

"BH S&B Holdings is going to run the chain as a smaller base of stores of approximately 170 stores, versus 276 pre-bankruptcy," Brenner said.

Steve & Barry's opened its Post Oak Mall store in mid-2005, according to Steve & Barry's. It sells sportswear, footwear, collegiate-licensed clothing and celebrity-launched lines, including Sarah Jessica Parker's BITTEN, dear by Amanda Bynes and EleVen by Venus Williams.

The company also is closing a store in the Brazos Mall in Lake Jackson, but stores in Pasadena, Houston, Spring, Humble and Katy will remain open, officials said.

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Posted by: Betty On: 9/3/2008

Comment Title: Thanks for the business
Steve & Barry....I didn't get a chance to shop alot at your store but when I did was able to purchase some really cool college shirts at an affordable price. Thanks for your being there and sorry to see you go...but understand.