The company that has given Pier 1 imports, dressburn and model sporting goods a second chance in life is adding another monstrous retailer to its empire: Stein Mart. Miami-based retail ecommerce ventures have emerged victorious in a bankruptcy court auction for the intellectual property of Stein Mart, the company announced …
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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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A buyer buys at a Ross store. Francis Dean | Corbis | fake pictures As coronavirus cases increase at various hot spots across the country, some retailers may be at greater risk than others of having to close their stores again. Covid-19’s higher rates have tended to follow state and …
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