More sad news as another retailer has bit the dust thanks to the insane draconian shut downs of the media and radical left Democrats.
Off-price retailer Stein Mart is the latest in a long list of businesses to file for bankruptcy protection amid the coronavirus pandemic.
The Jacksonville, Florida-based retailer said Wednesday it plans to “close a significant portion, if not all, of its brick-and-mortar stores” and has “launched a store closing and liquidation process,” according to a news release announcing the Chapter 11 filing.
The company operates 281 stores in 30 states and all stores will continue to operate during the Chapter 11 process. It has 9,000 employees.
“Our going-out-of-business sale is expected to begin in our stores August 14 or 15,” the company told USA TODAY in a statement. “We anticipate all stores will close by the fourth quarter of 2020, with closing dates varying by store.”
You can read more from our friends at USA Today.