Wednesday, July 09, 2008

no one is safe anymore

From The Wall Street Journal:
Fast-growing retailer Steve & Barry's LLC is expected to file for Chapter 11 bankruptcy protection as early as Wednesday, say people familiar with the matter, a collapse that stands to hurt everyone from Sarah Jessica Parker to the nation's struggling mall owners.

Didn't see that one coming. You would think a store specializing in dirt cheap athletic apparel would do pretty well during a recession, but I guess not. Perhaps this is evidence of who's getting hit by these tough times, and who isn't.

No comments: