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The Big Picture
Steve and Barry’s Chapter 11
In the we didn’t see this coming department. Everyone is reporting on the apparent demise of off-price mall shop Steve and Barry’s. The company has been around since 1985 and for the most part things have gone swimmingly. They even started featuring low priced celebrity branded items. Most recently they made deals with Stephon Marbury who created a line of sneakers that sold for the then unheard of price of $15 a pair. They then cut a deal to feature Sarah Jessica Parker items that sold for the under $20 range. The latter was all the rage of the blogosphere pre-launch until mean ole’ Steve and Barry’s snatched the exclusive away from the bloggers and landed it in the laps of the ivory tower folk at Vogue.
While this is most definitely a serious matter for Steve and Barry’s some bloggers may call it poetic justice. Whatever it is, SJP may be looking for a new home and a higher price.
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Eva