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Stein Mart Bleeds $66 Million, Leaving Future in Doubt

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

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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