By and and  on December 3, 2008

Feeling the heat from a lack­­­luster retailing environment that’s been especially tough for men’s tailored clothing, S&K Famous Brands Inc. may be running out of options in its battle to stay in business.

Credit sources said this week that liquidation was a possibility as the retailer struggles with tighter credit in general and, in its own operations, declining sales, mounting losses and a poor cash position. One credit contact said the retailer has delayed paying some vendors, while another said S&K’s bank is becoming more involved in operations in response to limited availability under its loan facility.

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