Stein Mart's survival in doubt
Stein Mart shoppers, the retailer is in trouble.
This week, the chain said in a filing with the Securities and Exchange Commission that there was “substantial doubt” it would be able to survive over the next year, according to a story in Footwear News. Blame it on COVID-19.
Headquartered in Jacksonville, Fla., Stein Mart has close to 300 stores in 31 states with locations in Edmond and Oklahoma City. The chain focuses on clothing for women and men, along with accessories, shoes and home décor at what it calls prices competitive with off-price retail stores.
Read more of the Stein Mart story here.