Thursday, June 18, 2020

Stein Mart signals it might not survive pandemic

CSA
Stein Mart is the latest retailer to warn of “substantial” doubts about its ability to survive the COVID-19 pandemic.

The off-price retailer disclosed in a 10-K filing that its revenues, liquidity, cash flows, and ability to pay vendors and landlords have been materially adversely impacted as a result of store closures due to COVID-19. . . . more