By  on July 8, 2008

NEW YORK — With deadlines closing in and no new financing in sight, the options are narrowing for Steve & Barry's University Sportswear.

Credit and liquidation sources say that, unless a white knight can be found, liquidation is a distinct possibility for the once red-hot chain specializing in trendy sportswear at big-box prices and could be acted upon this week. A full liquidation package, consisting of the locations of the stores, their square footage and related data, was expected to go out to prospective bidders at various liquidation and asset redeployment firms last week.

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