This is actually amusing. Here is a version for non-Wall Street Journal subscribers. Steve and Barry's discount clothing chain is an exemplar of a credit bubble-induced failure.

The 276-store chain, regarded just weeks ago as one of America's fastest-growing retailers, now qualifies as one of the industry's most unusual blowups. Its Chapter 11 bankruptcy filing on Wednesday is likely to lead to its liquidation, people involved in the case say.

...The company was relying increasingly on the all-important upfront payments from mall owners, along with periodic bursts of sales from store openings, according to employees and people involved with the bankruptcy.

But when the mall bubble burst and the credit crunch meant empty stores and/or mall owners running out of cash, the cash payments ceased, and Steve and Barry's spun into the pooper. The company's "I want it now" business model failed to produce reliable, long-term revenue streams (or sustainable margins) built on a solid business philosophy, and instead, the company relied on the "party" that was development, consumption, and easy credit. It is an awful company which failed to make profits on its retail face, and the owners didn't have a backup plan when the cash bonanza came to an end.