Wednesday, November 19, 2008

Steve & Barry's Closing

Low end clothing retailer Steve & Barry's is set to close all of its stores this week. No word on when the Carbondale store will close or what will happen to it but the Cape Girardeau store is set to close Thursday. I really found this quote from the liquidator rather silly:

JG Resources chief executive officer Jim Grimwade believes Steve & Barry's closure will have a positive effect on the economy.

"Reselling these fixtures and equipment to other retailers and business owners who are expanding or remodeling gives me a positive outlook," Grimwade said. "Of course, we are truly sorry about these store closings, but we know that selling this equipment to other business owners at a fraction of the cost of new will help fuel the local economy's growth. It could also help retailers create new jobs by cutting costs from their bottom line."

Yep, we're shutting down a major retail outlet but stores in the area can get fixtures cheap. Sounds like a great trade-off to me.

Labels: , ,

Completely unrelated - but newsworthy nonetheless for C-dale,630696.shtml
Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]