The most recent retail chain in the COVID pandemic's line of fire is the beloved discount department store Stein Mart. The store, which has 280 locations across 30 states, has filed for Chapter 11 bankruptcy and will be closing its doors, according to a statement.
Are all Stein Mart stores closing?
Stein Mart announces it will close all 279 of its stores just one day after the off-price retailer filed for Chapter 11 bankruptcy. All of Stein Mart's 279 stores are closing for good, a group of liquidators announced on Thursday.
When did Stein Mart close?
When did Stein Mart close? Due to the changing retail landscape of brick-and-mortar vs. online stores, Stein Mart began closing physical retail locations in 2020.