Off-price chain Stein Mart, which announced on Wednesday that it had filed for Chapter 11 bankruptcy protection, will officially close all its stores for good.
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 selling outbound shares at all of its 279 locations. (A full list of locations with addresses is below.)
Market sales will be up to 30% short, the press release said.
It said customers’ gifts and loyalty points will be accepted “for a limited time.” Shop fittings, furniture and equipment are also for sale.
Stein Mart CEO Hunt Hawkins said the company was eventually pushed to the brink by the coronavirus pandemic as liquidity dried up and sales tumbled.
It joins a growing list of retailers, including Neiman Marcus, JC Penney, Brooks Brothers and Sur la Table, who filed for bankruptcy during the Covid-19 crisis. Fixed store closures announced by retailers in 2020 have also slashed 6,000, according to a tracking from Coresight Research.
Stein Mart said it is still evaluating the sale of its website and intellectual property during its restructuring.
Here is a list of all Stein Mart locations in the US:
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