Off-price retailer Stein Mart Inc. announced bankruptcy on Tuesday amid rising off-price pressures, a retail category that grew for COVID-19. To be sure, Stein Mart SMRT, -37.89% , like many other retailers that have submitted Chapter 11, face challenges even before the coronavirus pandemic. Fiscal losses for 2019 totaled 22 …
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Off-price retailer Stein Mart declared bankruptcy on Wednesday and announced it would close most of its stores as the coronavirus pandemic continues to take a toll on the retail sector. Stein Mart, based in Jacksonville, Fla., filed for bankruptcy of Chapter 11 protection and informed it has already begun with …
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One of the nation’s most popular pizza chains filed for bankruptcy Thursday, blaming the coronavirus pandemic for its financial struggles. California Pizza Kitchen said it will continue to operate as usual while working through a Chapter 11 restructuring plan aimed at reducing its debt by $ 230 million. The pizzeria …
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Arms maker Remington Arms, one of the oldest gun manufacturers in the United States, filed for Chapter 11 bankruptcy protection for the second time since 2018. The company filed for Chapter 11 in the US Bankruptcy Court for the Northern District of Alabama saying it has been a “fight to …
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FILE PHOTO: Gun enthusiasts inspect Remington shotguns during the National Rifle Association (NRA) annual convention in Dallas, Texas, USA, May 5, 2018. REUTERS / Lucas Jackson (Reuters) – Remington Arms Co filed for Chapter 11 bankruptcy protection on Monday for the second time in two years as the U.S. arms …
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