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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