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 …
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A Stein Mart store in King of Prussia, PA. Google Earth Off-price chain Stein Mart announced Wednesday that it has filed for Chapter 11 bankruptcy protection and plans to close most, if not all, of its stores permanently, adding to the turmoil in a retail sector that has been hammered …
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A JC Penney store in Laguna Hills, California Scott Mlyn | CNBC For JC Penney in bankruptcy, a settlement “is not in the cards,” according to the department store chain attorney. Penney is moving forward with a sale that should be completed this fall, attorney Joshua Sussberg of Kirkland & …
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The exterior of The Shops at Hudson Yards, where Neiman Marcus is the anchor department store. Source: Related costs. It’s hardly been a year since the lucky guests danced the night away and drank champagne at the new Neiman Marcus department store in Manhattan, with the opening party featuring a …
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A pedestrian wearing a mask passes a Brooks Brothers store closed during the COVID-19 crisis on May 6, 2020 in Vancouver, Canada. Andrew Chin | fake pictures A company known as Sparc LLC, which is comprised of American mall owner Simon Property Group and apparel licensing firm Authentic Brands Group, …
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