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Steve & Barry's could shutter more than 100 stores: Bay Harbour

NEW YORK
Thu Aug 21, 2008 1:43pm EDT

NEW YORK (Reuters) - Steve & Barry's will shutter more than 100 of its about 276 stores and possibly more if purchaser BHY S&B doesn't reach favorable concessions with landlords, according to Bay Harbour Management, one of the parties involved with the turnaround.

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"It's going to be a little more than half its former size," Douglas Teitelbaum, managing principal of Bay Harbour, told Reuters.

(Reporting by Chelsea Emery, editing by Phil Berlowitz)
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