7 of 8
BACKNEXT
Steve & Barry's - Two times
Steve & Barry's - Two times
This defunct sportswear chain boasted rock-bottom prices and celebrity-designed duds from the likes of actress Sarah Jessica Parker and NBA player Stephon Marbury. What it didn't have was a sustainable business model.

Founded by a pair of college friends in the 1980s, the Port Washington, N.Y.-based Steve & Barry's grew quickly by undercutting rivals with prices below $10 and buying up big spaces for its stores. But its margins proved too thin, and the company defaulted on a loan from GE Capital in 2008, then filed for bankruptcy that July.

An investment firm bought the retailer in August for $163 million, but Steve & Barry's couldn't bounce back. It filed its second Chapter 11 in November of last year.

NEXT: Levitz Furniture - Three times
Last updated August 25 2009: 10:25 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
China: A nation on the move
China: A nation on the move
China is making big investments in roads, railways, and other infrastructure. More
Meet the new Microsoft Xbox
Meet the new Microsoft Xbox
Microsoft is making a bid to own the living room with its new entertainment device. More
5 worst Internet acquisitions of all time
5 worst Internet acquisitions of all time
As well as the 5 best. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .