The coronavirus pandemic has widened the gap between winners and losers of retail, increasing the capacity of large U.S. chains that could remain open throughout the pandemic and feed America’s basic needs. The evidence was strong this week when nationwide retailers revealed they were heading out the summer months in …
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JACKSONVILLE, Fla. Department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business and announced that it will close most, if not all, of its stores. Stein Mart in Jacksonville has more than 280 stores in 30 states that specialize in clothing, shoes and pets at …
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National discount department chain Stein Mart has filed for bankruptcy after 112 years in the company, and announced Wednesday that it will close most of its 280 stores. “The combined effects of a challenging retail environment coupled with the impact of the coronavirus pandemic have caused significant financial distress to …
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