Is Stein Mart closing?
The most recent retail chain in the COVID pandemic’s line of fire is the beloved discount department store Stein Mart. The store, which has 280 locations across 30 states, has filed for Chapter 11 bankruptcy and will be closing its doors, according to a statement.
How many Stein Mart locations are there?
283March 2019
Stein Mart/Number of locations
Who bought Stein Mart?
Retail Ecommerce Ventures
Pier 1 owner buys bankrupt Stein Mart for $6 million, to relaunch brand online next year. Retail Ecommerce Ventures won a bankruptcy court auction to buy the intellectual property of Stein Mart for $6.02 million.
How much is Stein Mart stock?
SMRT Price/Volume Stats
| Current price | $12.16 | 52-week high |
|---|---|---|
| Prev. close | $12.16 | 52-week low |
| Day low | $12.13 | Volume |
| Day high | $12.39 | Avg. volume |
| 50-day MA | $12.61 | Dividend yield |
Did all Steinmarts go out of business?
After buying the intellectual property rights in bankruptcy court, Retail Ecommerce Ventures said it will relaunch Stein Mart as an online-only store early next year. Stein Mart Inc., the Jacksonville-based fashion retailer, filed for Chapter 11 bankruptcy Aug. 12 and closed down its operations, including 281 stores.
Is Pier One still out of business?
Pier 1 filed for bankruptcy early on in 2020. It also tried and failed to find a buyer for the business. Because of COVID-19, the chain will be closing all stores still remaining in the United States—not half of their stores, as was announced earlier in 2020.
Which Stein Mart stores are closing in Florida?
Here are the Stein Marts slated to close in South Florida:
- 11700 US Highway 1, Palm Beach Gardens.
- 11061 Southern Blvd. Royal Palm Beach.
- 334 N. Congress Ave., Boynton Beach.
- 1855 S. Federal Highway, Delray Beach.
- 9831 Glades Road, Boca Raton.
- 1115 S Federal Highway, Pompano Beach.
- 910 N.
- 8319 W.
Is Stein Mart reopening in 2021?
The brand will relaunch as an online-only store in 2021 REV announced Thursday that it won a bankruptcy court auction for the intellectual property of Stein Mart Inc. Under the agreement, REV will acquire the Stein Mart nameplate as well as its private-label brands, domain names, social media assets and customer data.
Who owns Pier one now?
Retail Ecommerce Ventures, the investment firm that acquired the rights to Pier 1′s trademark name, intellectual property, data and various ecommerce-related assets for $31 million in July relaunched Pier1.com on Thursday.
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