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Stein Mart Bankruptcy Will Close Nearly All 281 Stores

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For off-price retailer Stein Mart, the coronavirus crisis sent its already struggling business into an out-of-control tailspin. On Wednesday, Stein Mart filed a voluntary Chapter 11 petition in a Jacksonville, Fla., bankruptcy court, detailing plans to “close a significant portion, if not all, of its brick-and-mortar stores” in a store closing and liquidation process that’s…

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