Stein Mart Stores Are Closing

Stein Mart is closing its entire brick-and-mortar fleet of stores.
The bankrupt discount chain announced today that it has authorized going-out-of-business sales by a joint venture made up of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial’s Great American Group and SB360 Capital Partners. The liquidation process, it said, is underway at all 279 locations across 30 states in the country.
Since Stein Mart is an off-price retailer, shoppers were already able to find apparel, footwear and accessories from popular labels including Anne Klein, Keds, Lucky Brand, New Balance and Skechers for men, women and children, as well as home decor and gifts, at up to 60% off department store prices. Now, as part of the liquidation sales, the company is offering savings of up to 30% off the lowest ticketed prices storewide, including back-to-school necessities and seasonal products.
Stein Mart’s gift cards and loyalty rewards will be accepted for a limited time. It added that store fixtures, furniture and equipment will also be sold at discounted prices as it undergoes liquidation.
“New merchandise arriving in stores, as well as customers’ favorite familiar brands, are deeply discounted and will sell out quickly at these low prices,” a spokesperson for the joint venture said in a statement. “We are encouraging shoppers to take advantage of Stein Mart’s abundant assortment of merchandise at substantial price reductions before it’s too late.”
The 112-year-old retailer filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, on Wednesday. As part of proceedings, it said it was evaluating strategic alternatives, including the potential sale of its e-commerce business and related intellectual property.
“The combined effects of a challenging retail environment coupled with the impact of the coronavirus pandemic have caused significant financial distress on our business,” CEO and CFO Hunt Hawkins said in a statement accompanying the filing. “The company has determined that the best strategy to maximize value will be a liquidation of its assets pursuant to an organized going-out-of-business sale.”See the Full List for Going-Out-of-Business Sales.
Here, the full list of Stein Mart outposts that are set for sales and ultimately closures:
Alabama
Auburn Mall in Auburn
Brook Highland Plaza in Birmingham
Mobile
Montgomery Cornerstone
Tuscaloosa
Vestavia Hills City Center
Westbury Square in Huntsville
Westside Centre in Hunstville
Arizona
Chandler
East Broadway in Tucson
East Shea in Scottsdale
Gilbert
Glendale
Northmall Centre in Tucson
Paradise Valley in Phoenix
Promenade North Scottsdale
Surprise
Tempe
Arkansas
Little Rock
North Little Rock
Rogers
California
Anaheim Hills Festival
Broadstone Plaza in Folson
Clovis Crossing
Fresno Wine Press Center
Fullerton
Granada Village in Granada Hills
Homestead Square in Cupertino
Huntington Beach Garfield Shopping
Irving Marketplace
La Costa Town Center in Carlsbad
Laguna Crossroads in Elk Grove
Mission Grove in Riverside
Mission Viejo
Plaza del Sol in Palm Springs
Poway City Centre
Rancho Cucamonga
Rancho Las Palmas in Rancho Mirage
Rocklin Commons in Rocklin
San Clemente
San Dimas Plaza
Stevenson Ranch Plaza
The Orchards in Walnut Creek
Torrance
Vail Ranch in Temecula
Washington Park in La Quinta
Colorado
Colorado Springs
Denver
Quebec Village in Centennial
S Parker Rd in Aurora
The Groves in Thornton
Delaware
Concord Pike in Wilmington
Florida
Atlantic in Jacksonville
Aventura
Baymeadows in Jacksonville
Britton Plaza in Tampa
Carrollwood in Tampa
Casselberry Commons
Colonial Plaza in Orlando
Cooper City
Coral Springs
Cordova Commons in Pensacola
Cypress Trace in Fort Myers
Daytona Beach
Delray Beach
Destin Commons
Jacksonville Beach
Lady Lake
Lithia Crossing in Valrico
Marketplace at Dr Phillips in Orlando
Melbourne
Merchants Walk in Lakeland
Northwood Plaza in Clearwater
Oak Grove Shoppes in Altamonte Springs
Oakwood Square in Boynton Beach
Palm Beach Gardens
Palm Harbor
Pelican Bay in Naples
Plantation
Pompano
Port St. Lucie
Prado at Spring Creek in Bonita Springs
Roosevelt in Jacksonville
San Jose in Jacksonville
Sanford
Sarasota Pavillion
Seminole City Center