This beloved discount shop closes all its locations

This store, created in 1908, is the last retail victim of the pandemic.


The 2020 wreck continues to claim ourfavorite stores. The last retail chain of the Covid Pandemic Fire Line is the Great Rebate Store Stein Mart. The store, which has 280 locations on 30 states, filed for the bankruptcy of Chapter 11 and will beclink, according to a declaration.

The 112-year-old company first announced that they would close the shops on August 13 and had launched closures with afrom a company to sell. On September 14, the company started to market leases for shops, distribution centers and offices.

"The combined effects of a stimulating retail environment associated with the impact of the coronavirus pandemic (COVID-19) caused significant financial distress on our company"Stein Mart CEOHUNT HAWKINS said in a statement. "The Company has determined that the best strategy to maximize value will be a liquidation of its assets under an organized sale of business sales. The company lacks sufficient liquidity to continue operating in the normal course of business. "

Stein Mart joins a growing list of retailers we said goodbye during the COVID pandemic. Here are six other stores that had to close their doors. And for more department stores that are no longer with us, see these17 beloved department stores that are now dead.

1
21st century

Century 21
Refuge

The Beloved New York department store announced in a declaration of September 10 that they would close their places and have afrom a company to sell. And for more sales to become aware of,There is a secret store on Amazon with tons of popular items for sale.

2
Lord & Taylor

Lord and Taylor store with closing sale sign
Refuge

On August 27, the famous Lord & Taylor department store announced that they were coming out of business andFiling for the bankruptcy of Chapter 11.

3
Imports of the pier 1

Pier 1 Imports store with closing sign
Refuge

This housing stock item was one of the previous shops to feel the effects of the Covid pandemic. Pier 1 imports filed for bankruptcy on May 19 and afterwardsclosed all their stores.

4
Neiman Marcus

Neiman Marcus
Refuge

At the beginning of May,Neiman Marcus announced that they filed for the bankruptcy of Chapter 11, according to the NPR. However, the Business Initiate reports the channel has onlyClosed 22 stores, leaving places again. And if you are looking to be an informed customer, discoverThe secret turn for getting money from Amazon, you need to know.

5
Forever

Forever 21
Refuge

Forever 21 happened in a tight place even before hitting Covid. The deposited channel for bankruptcy in September 2019 and has sinceClosed hundreds of locations, according to the business initiate. And for economic advice, you can use, checkThe incredible tag Price Walmart Secret you will kick you for not knowing.

6
Northern

Nordstrom
Refuge

This classic department store announced 19 of their 116The shops would closingBut they will keep their places of intact Nordstrom rack, by a company initiate. And for more updated news,Sign up for our daily newsletter.


Categories: Smarter Living
Tags: News / Shopping
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