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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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 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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