Not that I’ve ever shopped there, but WWD is reporting that Hal Kahn, the former chairman and chief executive officer of Macy’s
East, has been named CEO of the recently revived Steve & Barry’s specialty chain.
Needless to say, Kahn
is entering a rather challenging situation. The specialty chain known for providing stylish celebrity-endorsed lines at
low prices, such as Bitten by Sarah Jessica Parker, went bankrupt in
July and was quickly bought out of Chapter 11 by Bay Harbour Management
in August. The company is in the process of shuttering nearly 100 of
its 270 stores.
Kahn was instrumental in turning around Macy’s East
and combining it with the former Abraham & Straus chain in the
Nineties and left about four and a half years ago.
Image: ABC News.com