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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Buyers walk through the King of Prussia Mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images As shoppers’ habits for consumers change, America’s shopping center has salvaged many saviors: eateries, cinemas, gyms. Grocery stores could be next on the list. Simon Property Group, the largest owner …
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Simon Property Group CEO David Simon Anjali Sundaram | CNBC Simon Property Group Director David Simon said Monday that the company is still looking to hire additional retailers, having already filed for bankruptcy Lucky Brand, Brooks Brothers and JC Penney. “We take inventory at or below cost,” Simon said, explaining …
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