Among them were Lord & Taylor; J. Bank; Stage Stores; and Ascena Retail Group, which owns Lane Bryant and Ann Taylor.Copyright 2020 by WJXT News4Jax - All rights reserved.Lifetime Jacksonville resident anchors the 9 a.m. weekday newscast and is part of the News4Jax I-Team. Still, Stein Mart's financial struggles pre-date the health crisis.

A going-out-of-business sale will begin Friday or Saturday, according to spokeswoman Linda Tasseff. The company first opened its doors in Mississippi in 1908. I like their styles and stuff.”“I’m not surprised with all the online stores now, and people afraid to leave, and things being delivered for free,” said another customer named Terry. (WJXT) Headquartered in Jacksonville, Florida, Stein Mart has more than 280 stores in 30 states specializing in … Be in the know. “The Company has determined that the best strategy to maximize value will be a liquidation of its assets pursuant to an organized going out of business sale.
Stein Mark going out of business sale. As of May 30, the company employed about 8,400 people. 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 in a release on Wednesday. Stein Mart has filed for bankruptcy with plans to permanently close all or most stores, becoming the latest distressed department-store chain to succumb to the coronavirus pandemic. "Stein Mart temporarily closed its businesses on March 18 during the first wave of the pandemic. In the first quarter its sales fell to $134 million, down sharply from $314 million in the year-ago period. Since then, many of the stores opened in community shopping centers primarily in the Southeast.

Still, Stein Mart's financial struggles pre-date the health crisis. As it filed for Chapter 11, Stein Mart said it is looking at a potential sale of its e-commerce business and related intellectual property. The retailer has nine stores in metro Atlanta, although the company did not specify which stores will definitely close. ST. PETERSBURG, Fla. (AP) - National discount department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business, and announced that it … Hawkins said Stein Mart will continue to operate normally "in the near term" and is evaluating the potential sale of its ecommerce arm. Many of the stores are located in community shopping centers. Stein Mart had been hoping an increase in online sales could point the company in a positive direction. I do like Stein Mart. COVID-19 makes the job too riskyTrump says he opposes more funds for Postal Service over mail-in votingBiden and Harris call for three-month nationwide mask mandateISIS accused of selling fake PPE online to finance terrorismTrump campaign adviser floats false theory about Harris' eligibilityLake Fire in California continues to rage, growing to 11,000 acresFortnite maker sues Apple and Google after app booted from storesBattleground Tracker: Latest polls, state of the race and more5 things to know about CBS News' 2020 Battleground TrackerBiden has edge in North Carolina, race is tight in Georgia — CBS News pollWhy some mail-in ballots are rejected and how to make sure your vote countsWhat happens if the president doesn't accept the election results?Election Day could turn into "Election Week" with rise in mail ballotsGOP confident in Ohio, but Dems think it's within reach I live right up the road, so it’s nice. The company’s announcement said it expects to close a significant number, if not all, of its brick-and-mortar stores and is beginning a store closing and liquidation process.“The combined effects of a challenging retail environment coupled with the impact of the Coronavirus (COVID-19) pandemic have caused significant financial distress on our business,” said Hunt Hawkins, Stein Mart Inc.‘s chief executive officer. Stores are likely to close by October, though exact closing dates will according to the location. The company had almost $200 million in total debt as of May 2, court documents show.The company has nearly 8,000 workers, but many were furloughed after the virus temporarily shuttered its stores, Hawkins said in court About two dozen retailers, big and small, have filed for Chapter 11 protection this year, far exceeding the number for all of last year. Stein Mart is seen at the Tanglewood Mall in Roanoke, Va., in April 2013. Postal Service warns some mail-in votes may not be counted in PennsylvaniaMore than 1,500 students and staff quarantined as schools reopenEMS workers are quitting. It began reopening in April, and eventually reopened all of its stores with reduced hours. Stein Mart operates 281 stores in 30 states — its St. Louis-area stores are in Sunset Hills, Rock Hill and Town and Country.
Crew; J.C. Penney; Neiman Marcus; Men’s Wearhouse; Jos.