From the news bin:
Steve & Barry’s, whose wild success over the past five years has been every bit as puzzling as their business model and inventory of cheap goods, appears to be in deep trouble:
NEW YORK (Reuters) – Retailer Steve & Barry’s LLC is readying plans to close more than 100 of its stores, and is contemplating a full liquidation should it not find emergency financing, the Wall Street Journal reported on its website on Monday.
The article, citing people familiar with the company, said the retail chain is seeking a tentative plan for about $40 million in debtor-in-possession financing if it must file for bankruptcy protection. Steve & Barry could not immediately be reached for comment.
Wal-Mart’s aesthetics are notoriously un-glamorous; only downright-dingy Kmart is frequently considered worse. But Kmart always had one thing on ol’ Wallyworld, and that’s a slightly superior logo. But Wal-Mart is tossing out its ridged plastic letters in favor of something sort of retro:
Wal-Mart Stores Inc. is about to change one of the most familiar logos in corporate America.
Part of Wal-Mart’s continuing effort to update its once-dowdy image, the new logo for signs and building facades includes white letters on a burnt-orange background followed by a white starburst, according to an artist’s rendering that the company filed recently with planning officials in Memphis, Tenn.
In a change, the name will appear as one word: Walmart. When the company first started in 1962, the name was hyphenated by a dash. But in the past decade, the dash has been replaced by a star on stores and the corporate letterhead.
Hmm. The star reminds me mysteriously of Zayre. I wonder who else has ripped off that star.