STEVE & BARRY’S: is closing 103 locations following its takeover last month by BHY Holdings LHC, an affiliate of investment firms Bay Harbour Management and York Capital Management. The discount retailer filed for Chapter 11 bankruptcy protection in July. A bankruptcy court approved the $163 million acquisition last month. Under terms of the deal, the company is closing nearly half its locations to operate with a smaller base of 173 stores. The last day of sales for 24 stores will be Sept. 24. Other stores will close shortly after.
TACO BELL: is once again out with a promotion designed to highlight up-and-coming independent rock bands. Under its “Feed the Beat” campaign, the fast food chain will feature the work of 100 independent acts. The bands, which will be selected as part of a nationwide search, will each receive $500 in Taco Bell Bucks, and have their music added to a microsite at www.feedthebeat.com. The top three bands will each work with an independent rock producer to record a single and receive $5,000. The last day for bands to enter at www.feedthebeat.com is today.
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