Stein Mart Files for Bankruptcy; May Close All 281 Stores
Stein Mart has announced that it has filed voluntary Chapter 11 bankruptcy and may close all 281 stores. Locally, it has stores on Vaughn Road in Montgomery and at the Auburn Mall in Auburn. It is seeking the ability to maintain operations, paying employees, suppliers and vendors and use of its cash collateral. In the company’s announcement, it says it…
