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Stein Mart Bleeds $66 Million, Leaving Future in Doubt

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Two weeks after raising “substantial doubt” over its ability to continue operations, Stein Mart reaffirmed that it is uncertain it can operate as a “going concern” over the next 12 months, doing little to quell bankruptcy concerns. COVID-19 has hampered what was already a struggling off-price retail chain, which endured a first-quarter net loss of…

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