Steve & Barry's August net loss plummets to $281.74 million

By Caroline Salls

Pittsburgh, Oct. 7 - Steve & Barry's LLC reported a $281.74 million net loss for August on $35.62 million in net revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The net loss was a significant decline from the $41.05 million net loss reported in July on $36.59 million of net revenues.

The company had $4.65 million of cash and cash equivalents at Aug. 31, compared with $12.46 million at the end of July.

Steve & Barry's, a Port Washington, N.Y.-based national apparel and accessories retailer, filed for bankruptcy on July 9. Its Chapter 11 case number is 08-12579.

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