Case Study Analysis: Steve and Barrys

You will be reading the case, Steve & Barrys: To Save or Not To Save, and answering the questions below. The answer to each part should be at least one full paragraph (so the entire assignment should be roughly 2 pages (double-spaced)). 

I am more interested in the economic reasoning you apply in answering the questions than I am in whether the answer is correct in an absolute sense, so that should be the emphasis of your responses. 

Submit your answers as a Word document or PDF (with your name included in the name of the file) to the Case Study Analysis Dropbox on the courses D2L site.

1. Steve and Barrys was an apparel retailer that experienced tremendous growth in the mid-2000s. If afirms profits can be defined as (P AC)*Q, where P refers to average price, AC refers to average total cost, and Q refers to the number of units sold, how did Steve & Barrys achieve their success (in terms of these variables)? That is, which elements of this expression were the key drivers of their strategy for profitability?

1. Which strategic choices (if any) of Steve & Barrys expansion strategy were compatible with how they achieved their initial success? Which strategic choices (if any) were incompatible? Explain.

1. Are there elements of Steve and Barrys strategy that would be less effective today than they were in the mid-2000s? Please explain.

1. If you had to make a recommendation about acquiring Steve & Barrys at this point in time, do you believe that under different management, it could see a return to profitability? If so, what changes or points of emphasis would you recommend new management? If not, why

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