By  on September 17, 2008

Steve & Barry’s will close 103 stores, with 24 of them shuttered by Sept. 24, and keep 173 units in operation under its new owners.

The plans were disclosed late Tuesday by the retailer, which was purchased with bankruptcy court approval by BH S&B Holdings LLC, an affiliate of Bay Harbour Management and York Capital Management, for $168 million on Aug. 22.

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