Steve and Barry’s to shutter area store
Apparel chain Steve and Barry’s is closing one of its three Dayton-area stores.
The bargain retailer is closing its 80,000-square-foot location at the Miami Valley Centre Mall in Piqua.
“We’re disappointed to see them leave,” said Peggy Henthorn, regional manager of the mall. “But it’s out of our control.”
Henthorn said she has not received official notice of the store’s closure, but signs were posted in the store last Friday.
No date has been set for the store’s closing. Henthorn said it may stay open until after Christmas.
Port Washington, N.Y.-based Steve and Barry’s was purchased by BHY S&B Holdings, a partnership between New York investment firms Bay Harbour Management and York Capital Management, whose investors include Steve & Barry’s co-founders Steve Shore and Barry Prevor freecreditreport. The company’s new owners have plans to reduce its 276 stores to about 175.
When Steve and Barry’s filed bankruptcy, Henthorn said the mall began marketing the space.
“We’d hate for it to sit empty,” she said.
Henthorn said the Piqua Steve and Barry’s was on the first list of stores to be cut, with more to be announced. The other Dayton-area locations are at Washington Park Plaza in Centerville and Upper Valley Mall in Springfield.