Another for-profit private university is cropping up in Short Pump, leasing more than 50,000 square feet at the former S&K Menswear warehouse.
S&K Menswear
Startup sprouts from S&K ruins
Three former S&K Menswear employees are trying to take the S&K model and run it online. They’ve packed a 3,000-square-foot warehouse with men’s dress clothes and invested $150,000 in the startup.
Former S&K chief suited for new job
The former chief executive of S&K Menswear has found a new home as the president of locally based RetailData. Joe Oliver, a California native, tells BizSense that his few years at S&K were instructive, especially at the end, but he’s happy to be at a growing business. And check back tomorrow for a BizSense story about a new startup founded by other displaced S&K executives.
Day one at S&K’s GOB sale
At 1:30 today, around 15 to 20 shoppers cruised through S&K Menswear on Broad Street looking for bargains. Most left the store with several items on this, the first day of the chain’s going out of business sale.
S&K To Liquidate
Just like Circuit City before it, at the end of its corporate life no other company was interested in buying S&K Famous Menswear and trying to turn it around. The company was founded in 1967 by two brothers who found a niche selling quality men’s clothes at a good price, but that niche evaporated as fewer men bought suits and the lower-end marketplace became more cutthroat. Plus, a brief Q&A with former CEO Joseph Oliver.
More empty stores at area malls
Dozens more retailers have disappeared from local malls in the past six months. About 15 percent of the storefronts in Richmond’s six largest malls are vacant.
S&K Menswear files Chapter 11 Bankruptcy
Richmond-based men’s clothier S&K Famous Brands, Inc has filed for Chapter 11 Bankruptcy Protection in an effort to get out of leases, trim costs, and prevent further erosion of vendor confidence. The company lists assets of $41,440,100 and debts of $35,499,000 (not including operating leases). There will be a hearing at 2:00 today in Richmond.
CFO and CAO leave S&K
Long-time S&K Menswear CFO Bob Knowles has left the company. Controller and Senior Vice President & Chief Accounting Officer Janet L. Jorgensen has also left the company. Knowles was with the company for more than 25 years. S&K announced last week that it was cutting 50 local jobs. CEO Joseph Oliver could not be reached… Read more »