Business

Stein Mart may close all stores after filing for bankruptcy

By Haley Victory Smith
Published August 12, 2020 2:44pm ET
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Stein Mart may close all stores after filing for bankruptcy
Stein Mart has filed for Chapter 11 bankruptcy and will close most, if not all, of its stores. The company said in a press release Wednesday that it has already begun the liquidation process. “The combined effects of a challenging retail environment coupled with the impact of the Coronavirus pandemic have caused significant financial distress […]

Stein Mart has filed for Chapter 11 bankruptcy and will close most, if not all, of its stores.

The company said in a press release Wednesday that it has already begun the liquidation process.

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Bankruptcy COVID-19