Sales went up, but profit margins went down. Throw in a terrible economy, and Steve & Barry’s sank under the weight of its own upscale aspirations—if you can call a $20 Sarah Jessica Parker denim jacket upscale.
Asked when exactly the State Street Steve & Barry’s would close, a store employee said he didn’t know for sure. “Whenever we run out of stock,” he said in mid-December. “And the shelves are pretty bare right now.”
[Originally published in January, 2009.]