Bankrupted Stein Mart is closing 279 shops. This is an inventory
The corporate’s liquidators — a group of Gordon Brothers, Hilco Service provider Sources, Tiger Capital Group, B. Riley Monetary’s Nice American Group and SB360 Capital Companions — introduced Thursday morning that Stein Mart is kicking off going-out-of-business gross sales in any respect of its 279 areas. (A full record of areas with addresses is under.)
Gross sales on merchandise shall be as much as 30% off, the press launch stated.
It stated clients’ reward playing cards and loyalty rewards factors shall be accepted “for a restricted time.” Retailer fixtures, furnishings and tools are additionally on the market.
Stein Mart CEO Hunt Hawkins stated the corporate was in the end pushed to the brink by the coronavirus pandemic as its liquidity dried up and gross sales tumbled.
It joins a growing list of retailers, together with Neiman Marcus, J.C. Penney, Brooks Brothers and Sur la…