Stein Mart files for Chapter 11 bankruptcy and says all 281 of its stores could close - Business Insider

Stein Mart filed for Chapter 11 bankruptcy Wednesday, and is also exploring a sale of its e-commerce business. "The combined effects of a challenging retail environment coupled with the impact of the Coronavirus pandemic have caused significant financial distress on our business," CEO and CFO Hunt Hawkins said in a statement.Off-price retailer Stein Mart filed for Chapter 11 bankruptcy Wednesday and said it would close "a significant portion, if not all" of its stores.

Stein Mart operates 281 stores in 30 states. It sells clothing, accessories, home decor, and shoes at discounted prices. The retailer was struggling to revive sales even before the pandemic hit, and temporary closures dragged sales down further.

I went their once... I couldn't find one stein for my beer collection.

Stein Mart kept me in professional banking dress before I had a professional banking salary. I will miss it.

Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.

Many more corporates to follow! 10T worth of bankruptcies.

Not a shocker. Their demographic is over 60 yr old women and many aren’t leaving their homes to leisurely shop.

That place should have closed awhile ago. Walked in the spot once like how is this even still in business lol

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Inside Sunrun strategy to provide clean power from customer batteries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Inside Equifax's cloud migration and digital transformation strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Business Insider's best investing stories of the week ended August 11 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Stock market outlook: Wave of bankruptcies biggest risk, El-Erian says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Chip and Joanna Gaines say go ahead and launch that business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How can somebody knows how to measure if it’s 40%-60% information? it could be 30% or 80% since we don’t know the size of information we need
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

TikTok launched a TV app for Amazon Fire TV - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »