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Stein Mart Bleeds $66 Million, Leaving Future in Doubt

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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