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S&K Famous Brands Files for Bankruptcy

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Menswear chain S&K Famous Brands Inc. filed for Chapter 11 bankruptcy protection on Monday, citing operational losses over the past year.

The Richmond, Va.-based chain, which sells value-priced clothing in about 136 stores in 23 states throughout the East Coast and Midwest, also attributed the move to difficulties plaguing many retailers, including tightening credit and slowed consumer spending.

S&K stores, mainly in strip malls, offer men's suits, sport coats, pants, shirts, ties and shoes for sale and tuxedoes for rent.

The announcements so far:

Bankruptcies and Liquidations:

Potential Bankruptcies & Liquidation Impact: 1,221 stores

Announced Closings

Total Closings: up to 679 U.S. stores

Potential Impact of All Announcements to Date: up to 1,900 U.S. stores

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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