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NEW YORK — Steve & Barry’s, once a growing force in low-priced fashion retailing, said Wednesday it filed for Chapter 11 bankruptcy protection. It also announced it was considering a plan to sell all or some of its assets to repay outstanding debt.
The Port Washington, N.Y.-based chain, which operates 276 locations in 39 states, said it and 63 of its affiliates filed the petition in the U.S. bankruptcy court for the Southern District of New York.
Steve & Barry’s has stores in Colorado Springs, Littleton, Longmont, Pueblo and Westminster, and has said it plans to open a store in Lakewood.
Company officials blamed a cash crunch as a result of the tighter credit markets and general sluggish economic conditions. The Associated Press
