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08/13/2020

Going-out-of-business sales underway at all Stein Mart stores

Dan Berthiaume
Senior Editor, Technology
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Stein Mart has begun liquidating.

The off-pricer, which filed for Chapter 11 bankruptcy protection on Aug. 12, is holding going-out-of-business sales at its 279 locations across 30 states. The sales are being managed by a joint venture comprised of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial's Great American Group and SB360 Capital Partners.

Stein Mart's extensive inventory includes the latest fashions for the whole family, essentials for the kitchen and bath, home décor, and more. A wide range of dorm room necessities and back-to-learning basics can also be found at greatly reduced prices.

In addition, store fixtures, furniture and equipment will also be sold at discounted prices as part of the going out of business sale.

"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 stated. "We are encouraging shoppers to take advantage of Stein Mart's abundant assortment of merchandise at substantial price reductions before it's too late."

Stein Mart gift cards and loyalty rewards will be accepted for a limited time.