The company's liquidators — a team of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial's Great American Group and SB360 Capital Partners — announced Thursday morning that Stein Mart is kicking off going-out-of-business sales at all of its 279 locations.It said customers' gift cards and loyalty rewards points will be accepted "for a limited time." Store fixtures, furniture and equipment are also for sale.
Stein Mart has said it is still evaluating selling its website and intellectual property during its restructuring process.
gheeeeewhiz
Attention Robinhood traders...$SMRT is at 15 cents...time to BUY BUY BUY
Is this a part of the V-Shaped recovery the admin is always talking about?
No!
The only people who care are the people who shopped or worked there- they know where the locations *were*. The only way this impacts communities is bcz former workers have no money to spend or pay for rent. If they’re all being closed down, why does anyone need a map?
boomama I immediately lifted your sweet Martha up in prayer; she must be devastated. 🥰
...my wife is bumming!
the guy section was good. gals section not so much.
Cheapalicious and another one goes down.
Looks like a good stock to buy for our Robinhood kids.
And the markets hovering at all time high? there is going to be a commercial real estate collapse
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Stein Mart files for bankruptcy and plans to close most, if not all, of its storesThe off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. Well done trump team. Tank an economy - tank another business. Even when it’s not his. BankruptcyPresidency I never found a stein there.
Source: CNBC - 🏆 12. / 72 Read more »
Stein Mart files for Chapter 11 bankruptcy and says all 281 of its stores could close - 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. 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
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stein Mart files for Chapter 11 bankruptcy and says all 281 of its stores could close - 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. 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
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stein Mart files for bankruptcy and plans to close most, if not all, of its storesThe off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. Well done trump team. Tank an economy - tank another business. Even when it’s not his. BankruptcyPresidency I never found a stein there.
Source: CNBC - 🏆 12. / 72 Read more »