Steve & Barrys is known for their uber cheap apparel and rapid growth, but wih that said, it seems they are now in financial trouble. Their celebrity endorsed / designed lines from Sarah Jessica Parker's line "Bitten," Amanda Bynes' line "Dear," Venus Williams' line "EleVen," and Stephon Marbury's line "Starbury," have been a hit but it seems not enough of a hit to stabilize the company. It is said they are in need of $30 Million in funding or may face immediate bankruptcy. The idea of puttting itself up for sale to the likes of Wal-Mart or going public for instance, have been mentioned as ways to avoid a Chapter 11 filing.
Stay tuned for further details! Repeat Atlanta!