Sakowitz Inc. said it is seeking new capital.

Robert Sakowitz, chairman and president of the Houston-based specialty retailer, which is being reorganized under the protection of Chapter 11 of the federal bankruptcy code, said the company is “open to discussion on offers of equity infusion and any other discussions someone may want to make.” In May, the company lost $124,000 on $1.8 million in sales, he said, adding that the loss had been projected at $208,000. In addition, he said, the bankruptcy court approved an extension of a credit agreement with Chemical Bank that ensures a flow of merchandise and a standby letter of credit for Sakowitz vendors through April, 1987.