Will Dear Disappear?
Thursday, July 10th, 2008Not really the standard news for this site but it involves Amanda Bynes in some way. Steve & Barry’s, the chain that sells Amanda’s Dear collection, has filed for what’s called Chapter 11 bankruptcy protection. Which basically means that they can try and fix the problems they’re having without being declared bankrupt.
It seems that Steve & Barry’s was basically overexpanding and the problem everyone is having; the rise of costs. Seeing Steve & Barry’s is considered a budget store their margins would be a lot lower than for other stores. Meaning that a cost increase hurts them harder than others.
So for now Dear won’t disappear from stores, I don’t know if Amanda makes a lot of her clothing being sold there but it probably would suck for her if she lost a source of income. She seems to be focusing on changing her career a bit now so she’s not exactly making big bucks with the movies she’s currently doing. Not that I think she’ll have a shortage of money; she’s not exactly known as a big spending celebrity blowing her money on partying.












