Wednesday, April 22, 2009
Tuesday, April 14, 2009
My Favorite Store's Fate
Even though Steve & Barry's has deteriorated, it will always remain my favorite store followed by Kohl's at a close second.
All the tennis shoes I own were bought here. The Starbury shoe line is the greatest to date. You can still buy these shoes online (for an unbeatable $14.99).
The Skinny:
Founded by Steven Shore and Barry Prevor at the University of Pennsylvania in 1985, while Prevor was an undergraduate student, Steve & Barry's became a local popular destination due to its low prices compared to other university bookstores and gift stores. The success of the original store led to the opening of locations on several Big Ten campuses.
In 1998, Steve & Barry's opened a large mall-based store at Great Lakes Crossing in Auburn Hills, Michigan and began to offer private label apparel targeted to the whole family, as opposed to their original customer base of mostly university students. The new line of products included denim, business casual, active wear, outerwear, and T-shirts. (They had everything! All the cool shirts that Kohl's has, but more!)
In 2005, Steve & Barry's leased over 3,500,000 square feet of space in shopping centers throughout the United States, the most of any mall-based chain in the country. The result was 62 brand new supermarket-sized stores, which doubled its outlets. (This, in my opinion, was their downfall. Too much, too fast.)
In 2006 (the beginning of the end), TA Associates, a $10 billion private equity firm, closed a minority investment in the company for an undisclosed amount.
In March 2008, General Electric Holdings lent Steve & Barry's $197 MM dollars which the company has now defaulted on.
By the end of 2008 the company planned to liquidate all remaining stores filing chapter 11 bankruptcy and closing its doors for good.
On January 30, 2009, all remaining corporate employees were fired marking the end of Steve & Barry's. Sad.
Monday, April 6, 2009
10 Things You Can Still Believe In
As we struggle with the defining moments of our early adulthood, it is up to us to seek out and cling to those few things that we could expect to actually be around for us in the years to come. Unlike religion, marriage, or our local professional sports teams, some things will be around for years to come.
Friday, April 3, 2009
What's A Job?
Juggling
Our
Bills
Every American, better yet, all the world know that jobs are tough to keep these days. I am one of the many millions of Americans that have found myself jobless. I'm not complaining. I have great friends and family that are helping me in my time of "blah". Plus I'm thinking positive and I see the glass as half and not the latter.
I was working a "Temp" job recently. It was only for five days, but we were working 12 to 15 hour days (excluding the time for lunch/dinner). Well in those long five days I met some interesting people. All the folks that were on the project with me were temp workers. They came from all kinds of random backgrounds. Black, White, Hispanic, Irish, Polar Bear (I just wanted to say that cause it made me smile), gay, straight, tall, short, long hair, no hair, red hair, braided hair, thin and heavy. We really were very diverse.
While working with these gentlemen, I found myself truly blessed to have met them. We all had such different views on the world, as well as the work force. Not everyone saw thing as "the glass half full" like I do, but that was what made it special.
If I had still been in my previous job, I never would have met these great people. It was almost like the Real World tv show. Not one person was the same, but we all had something in common. We disagreed on just about everything, but with out the "Real World" drama. It was wonderful to get so many different opinions and beliefs together in one room at no cost.
I recently spoke with one of the guys I worked with. He had a job interview that went awesome for a management position. He wanted to know that if he got the job, would I be interested in coming to work with him. In his new position, he will be allowed to hire a couple of people to work for him. Now how cool is that?
America, stay positive. I know it's tough. I can sympathize. I'm one of the missing pieces in this big job puzzle. As long as we keep our heads up and open our minds we will succeed in finding employment. I believe this.
We, will solve this crazy atmosphere of chaos. We, together are mighty. We, will survive.