Stein Mart is a retailer which offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. It primarily focuses on 35-65 year old woman customers. The company was founded in 1908 and is based in Jacksonville, Florida.
All of Stein Mart's 279 stores are closing for good, a group of liquidators announced on Thursday. The off-price retailer filed for Chapter 11 bankruptcy on Wednesday. "We are encouraging shoppers to take advantage of Stein Mart's abundant assortment of merchandise at substantial price reductions before it's too late," the liquidators said in a joint statement. Visit Business Insider's homepage for more stories . One day after Stein Mart filed for bankruptcy, a group of liquidators announced that all 279 of the off-price retailer's stores would close for good. Going-out-of-business sales have already begun. "New merchandise arriving in stores, as well as customers' favorite familiar brands, are deeply discounted and will sell out quickly at these low prices," a spokesperson for the liqu...
Stein Mart, Inc. has joined the ever growing list of U.S. retailers who filed for bankruptcy protection amid the ongoing coronavirus (COVID-19) pandemic. The beleaguered off-price retailer filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.
Foley & Lardner is representing discount department store Stein Mart while Proskauer Rose is advising oilfield services company Hermitage Offshore Services as the two companies become the latest to seek bankruptcy protection amid the COVID-19 pandemic.