Stein Mart files for bankruptcy and will close most of its 300 stores

  • By cvbizz
  • August 12, 2020
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Discount retailer Stein Mart has <a href=”https://www.cnn.com/2020/07/25/business/july-bankruptcies-coronavirus/index.html” target=”_blank”>filed for bankruptcy</a> and plans to close most of its nearly 300 stores.

The 112-year-old company blamed its failure on changing consumer habits and the pandemic, both of which “have caused significant financial distress on our business,” Stein Mart CEO Hunt Hawkins said

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