How Amazon Hubs Can Help Revive Stein Mart’s Business
In a bid to increase foot traffic and prop up faltering sales, discount retailer Stein Mart is bringing Amazon Hub lockers to more than 200 of its stores. Rather than having their Amazon orders shipped...
View ArticleStein Mart Explores Possible Sale as Pandemic Batters Business
Stein Mart Inc. is the latest retailer to warn that the coronavirus pandemic could spell the end of its business. In a filing this week with the Securities and Exchange Commission, the discount chain...
View ArticleStein Mart Secures $10 Million in Stimulus Aid as It Explores Possible Sale
As it explores additional sources of financing, Stein Mart Inc. has secured millions of dollars in stimulus aid. The discount chain announced in its first-quarter earnings report this week that it had...
View ArticleStein Mart Goes Bankrupt, Could Close All Stores for Good
Stein Mart Inc. becomes the latest nationwide chain to go bankrupt as the coronavirus pandemic continues to devastate the retail sector. The discount department store announced today that it has filed...
View ArticleStein Mart Stores Are Closing — See the Full List for Going-Out-of-Business...
Stein Mart is closing its entire brick-and-mortar fleet of stores. The bankrupt discount chain announced today that it has authorized going-out-of-business sales by a joint venture made up of Gordon...
View ArticleMore Than a Third of CEOs Say They’ll Have to Cut Jobs in the Next Year
The rippling economic effects of the coronavirus pandemic will continue to plague the United States’ workforce for months and years to come, causing persistent layoffs across industries, indicates a...
View ArticleBankrupt Stein Mart Gets $4 Million Bid for IP From E-Com Investors Who...
Stein Mart Inc. has a stalking-horse bidder for its intellectual property ahead of a scheduled bankruptcy auction. The struggling discount department store, which filed for Chapter 11 protection in...
View ArticleStein Mart Snapped Up for $6 Million by Same Investors Who Bought Modell’s —...
Retail Ecommerce Ventures has snapped up another previously-bankrupt retailer. The company, which acquired bankrupt Modell’s intellectual property in August, announced today that its majority-owned...
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