2008.11.26
Steve & Barry's will close by January
Steve & Barry's at Tanglewood Mall in Roanoke County will close by Jan. 9. That's according to Sandy Feldman, who is senior vice president with Great American Group, one of the firms handling the Steve & Barry's liquidation process.
The apparel retailer said this week that it will close 173 of its remaining stores across the country. Last week, Steve & Barry's announced that liquidation sales would take place at all of its stores. Here's my blog post with those details. The chain filed for Chapter 11 bankruptcy in July, and later, it was acquired by investment firms.
With the holiday shopping season in full swing, there is some good news for shoppers. The going-out-of business sales already have begun at Steve & Barry's stores, and they are expected to last five to seven weeks. Feldman said initially, items will be discounted by 10 to 20 percent. These discounts will grow deeper as the end of the year approaches.
All Steve & Barry's stores must close by Jan. 9, based on a deadline set by the bankruptcy court, Feldman said.
There are several retailers that either closed or are closing in Blacksburg that took me by surprise. There was a furniture and gift shop along with a closthing retailer or 2 that opened up in the expansion of University Mall maybe only a year or so ago...and they are all gone and replaced by extra space for Mail Trust, an internet e-mail company. The Family Dollar on North Main St next to Food Lion is in the process of closing, and my guess is that sales have fallen since many of the poor residents who lived nearby were evicted and removed due to redevelopment of several low-income trailer courts. And that's a shame too, because I really like Family Dollar...but at least the one by my house is still open.
Comment by Other John — November 26, 2008 @ 3:41 pm
I went there Friday and got 5 shirts for 20.95 with tax. You really have to pic through as the shirts are thrown all over the place. One spot they were just piled on the floor. Lack of staff and inconsiderate customers is the problem. They were a great deal before if you could find your size.
Comment by Mike D — December 7, 2008 @ 7:08 pm