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Stein Mart could close all stores as files for Chapter 11
2020-08-12 18:31:00| Daily apparel & textile news and comment - from just-style.com
Stein Mart has filed for Chapter 11 bankruptcy protection in a move that will see it likely to close most - if not all - of its 281 brick-and-mortar stores.
Stein Mart warns on its ability to survive the next year
2020-06-18 12:09:00| Daily apparel & textile news and comment - from just-style.com
Stein Mart has raised "substantial doubt" about its ability to survive over the next 12 months and is considering a number of options, including a sale of the company, after the Covid-19 pandemic hit operational results and cash flow.
Stein Mart go-private deal axed in mutual agreement
2020-04-17 13:00:00| Daily apparel & textile news and comment - from just-style.com
A deal to take off-price fashion retailer Stein Mart private has been terminated in response to the unpredictable economic conditions resulting from the coronavirus pandemic.
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US Q1 in brief - Stein Mart, Zumiez, Caleres
2020-04-08 18:24:00| Daily apparel & textile news and comment - from just-style.com
In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Sales at Zumiez were down by moe than a third, while those at Express more than halved. Elsewhere, Lands' End has widened its net loss, and Ross Stores has reported its first quarterly operating loss in more than 30 years.
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US Q1 in brief - Macy's, Genesco, Stein Mart
2020-04-08 18:24:00| Daily apparel & textile news and comment - from just-style.com
In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Sales at Genesco were down by 44%, while those at Zumiez tumbled by more than a third. Elsewhere, Lands' End has widened its net loss, and Ross Stores has reported its first quarterly operating loss in more than 30 years.
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