Steve & Barry’s to close Candlers Station store
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By Bryan Gentry
Published: September 3, 2008
The Steve & Barry’s store at Candler’s Station is set to close.
“Store Closing” signs were hung in the store’s windows over Labor Day weekend.
“Everything must go” for $8.98 or less, the signs say. That’s the price tag the company put on all its merchandise last year during a Christmas-season sale.
It is the second store to close at the Candler’s Station shopping center this year.
The discount clothing store Goody’s announced in June that it had filed for Chapter 11 bankruptcy and that the Lynchburg store would close. The 40,000-square-foot store closed in early August.
Steve & Barry’s LLC announced its own bankruptcy filing July 9. It announced no store closings at that time, however.
The Associated Press reported then that the company had strong sales increases in the first five months of 2008, but that it may have been operating on thin margins, making most of its income from up-front payments by mall owners who wanted to lure the retailer.
On Aug. 22, the company announced that BHY S&B Holdings LLC, a newly-formed affiliate of Bay Harbour Management and York Capitol Management, would buy most of Steve & Barry’s LLC’s assets.
The exact number of Steve & Barry’s stores expected to close has not officially been announced.
The company sent out a news release Tuesday afternoon detail-ing that information, but then said the chain-wide list of closures was not finalized and the news release was inaccurate.
Rachel Brenner, Steve & Barry’s senior manager of public relations, confirmed that the Lynchburg store is closing.
Candler’s Station is still home to the popular Cinemark 10 discount movie theater, several restaurants, clothing retailers Rugged Wearhouse and T.J. Maxx and several other stores.
But it is also home to nearly 170,000 square feet of vacant retail space, including the Goody’s space and a former Circuit City store, according to the Web site for Developer’s Diversified Realty advertising the property.
The Steve & Barry’s at Candler’s Station would add 24,287 square feet to that.
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Reader Reactions
Posted by ( damalama ) on September 04, 2008 at 2:54 pm
amy from your idiotic post flat out calling all cops criminals, and such, i don’t find it far fetched at all that a shirt with BS on it offends you. just proof that there are people in the world that will critize anything and everything even when they have no idea what is really going on.
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Posted by ( formerlbc ) on September 04, 2008 at 7:18 am
Amy:
FYI: The First Amendment is still alive and kicking, google it. If you don’t like it, supervise your children and don’t shop there. Your dollar counts more than your complaining.
PS: BS? I think kids know what that means! That’s a dirty word! Oh the HUMANITY!
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Posted by ( amy ) on September 03, 2008 at 3:05 pm
Serves the company right! I was appalled by the t-shirt I saw displayed for everyone and their kids to see at the front of the store! I told the manager, and he agreed w/me but claimed he couldn’t do a thing about it!!! It was beyond outrageous - and when I called the company and wrote an e-mail, I received the standard “we have to service many customers” BS! The thing is, they sell to kids!!! I will not subject my kids to that filthiness! So, it serves them right!
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