S&K Menswear Closing All 105 Stores

Going-Out-of-Business Sale Underway. Savings up to 50% off.

RICHMOND, Va., May 21 /PRNewswire/ -- S&K Menswear, the premier menswear
retailer with 105 stores across 26 states is closing its doors. A huge,
storewide Going-Out-of-Business sale kicked off Thursday, May 21st and will
last until all merchandise is sold. Savings up to 50% off regular prices.
Existing S&K gift cards will be honored throughout the Going-Out-of-Business
sale.

"In spite of our best efforts, the current economic climate left us with no
choice but to close down the business. We'd like to thank all of our employees
for their hard work and all of our loyal customers for their years of
patronage," said Jonathan Tibus, Chief Restructuring Officer at S&K Menswear.

Tibus encouraged everyone to visit their nearest store location now to find
great values on all merchandise. "This is a one-time, historic event," he
added. "With Memorial Day weekend upon us, consumers will find tremendous
values on all merchandise in every store."

S&K Menswear has lowered prices on its entire inventory, with savings up to
50% off regular prices, which includes suits, dress shirts, suit separates,
shoes, ties, sportswear, outerwear and accessories. Consumers can find
incredible values on top brands such as Dockers, Oscar de la Renta, Sean Jean,
Michael Kors, Kenneth Cole Reaction, Lauren by Ralph Lauren and more.

Founded over 40 years ago by a retired grocer, S&K Menswear grew to become the
premier menswear retailer throughout the eastern United States. The company is
known for offering a quality product with excellent service at affordable
prices.

The S&K Menswear Going-Out-of-Business sale started storewide Thursday, May
21st and will continue until all merchandise is sold.

To find the S&K Menswear store nearest you, visit: www.skmenswear.com.

Gordon Brothers Group, a global advisory, restructuring and investment firm
specializing in the retail, consumer products, real estate and industrial
sectors, is running the Going-Out-of-Business sale on S&K Menswear's behalf.

About S&K Menswear
Founded in 1967, S&K Menswear is one of the leading menswear retailers with
105 stores throughout the eastern United States. From its modest beginnings in
Richmond, Virginia with one location, the company has thrived for over four
decades selling top brand suits and accessories at affordable prices.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global
advisory, restructuring and investment firm specializing in the retail,
consumer products, industrial and real estate sectors. Gordon Brothers Group
maximizes value for both healthy and distressed companies by purchasing or
selling all categories of assets, appraising assets, providing debt financing,
making private equity investments, and operating businesses for extended
periods. Gordon Brothers Group conducts over $50 billion in transactions and
appraisals annually.

SOURCE S&K Menswear

Craig Venezia of Gordon Brothers Group, +1-617-422-7842,
cvenezia@gordonbrothers.com, for S&K Menswear