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Orange County Retail ~ The 411 on retail news in Orange County.

Bankrupt discount retailer closing big O.C. store

September 2nd, 2008, 10:47 am · Post a Comment · posted by Hang Nguyen, retail reporter

Updated on 9/2 at 3 p.m. with store size from the company.

Steve & Barry’s, the discount clothing retailer, is closing its Buena Park Downtown store, according to info provided by spokeswoman Rachel Brenner.

The store-closing sale is currently underway. There’s no closing date yet for the store. The Buena Park store spans roughly 45,000 square feet.

Steve & Barry’s only other O.C. store is at The Block at Orange, which will remain open.

The retailer was recently purchased out of bankruptcy by BH S&B Holdings, a newly formed affiliate of investment firms Bay Harbour Management and York Capital Management.

To better position Steve & Barry’s to reach its profitability goals, BH S&B Holdings is going to run the chain as a smaller base of stores of about 170 stores vs. the 276 stores it had before it filed for bankruptcy.

To read more about Steve & Barry’s, CLICK HERE.

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