Steve and Barry's
Headquarters: 12
Harbor Park Drive
Port Washington, NY 11050
Employees: 10,000+
Co-CEOs: Steve Shore and Barry Prevor
Privately held
Website: http://www.steveandbarrys.com
Steve & Barry's is a fast-growing chain
of clothing stores offering super low prices. Almost all items
are under $20 including shirts, jackets, jeans and pants for
men, women and children.
The company filed for Chapter 11 bankruptcy
in July due to heavy debt load and the weak economy. The company
is looking for a buyer or could close all of its stores.
Each Steve & Barry's store ranges in
size from 50,000 square feet to 100,000 square feet, and features
hardwood floors and hangers, heritage graphics, and state-of-the-art
audio & video systems. There are 276 locations in 39 states.
Steve & Barry's sells officially licensed
product featuring the logos and marks of more than 350 colleges
and universities, automotive manufacturers (Chrysler, Dodge,
Ford Motor Company and General Motors), and other popular American
brands.
In 2006, Steve and Barry's launched a new
low-cost sneaker and clothing line with basketball star Stephon
Marbury. The sneakers, known as Starbury, sell for $14.98 a pair
or less.
In June 2007, the company launched a new
women's clothing line with actress Sarah Jessica Parker called
Bitten. All items were priced under $20.
History
In the summer of 1979,15-year-old friends
Steve Shore and Barry Prevor started out in business with a megaphone
and piles of excess-inventory T-shirts they sold for $1 each
at flea markets across Long Island.
In college, they opened their first Steve
& Barry's University Sportswear in 1985 at the University
of Pennsylvania, charging very low prices for T-shirts and sweat
shirts imprinted with college names.
In 1998, Steve and Barry's opened a mall-based
store near Ann Arbor, MI near the Univ. of Michigan campus. Michigan
apparel continues to be the top overall seller at the chain's
stores.
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