National discount department store chain Stein Mart is filing for bankruptcy after 112 years in business, announcing on Wednesday that it will close most of its 280 stores.
screenshot/steinmart.com
Headquartered in Jacksonville, Florida, Stein Mart has more than 280 stores in 30 states specializing in clothing, shoes and housewares. The company first opened its doors in Mississippi in 1908. Since then, many of the stores opened in community shopping centers primarily in the Southeast.
A going-out-of-business sale will begin Friday or Saturday, according to company spokeswoman Linda Tasseff. Stores are likely to close by October, though exact closing dates will according to the location.
