Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

by Raphael Stevens 12 August 2020, 13:14 159 Views

The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic.

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Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

Microsoft prices its dual-screen Android phone at $1,399, will arrive Sept 10

Stocks making the biggest moves premarket: Brinker International, Tesla, Eastman Kodak

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