• Stein Mart Closing all stores-Big Impact in Coachella Valley

    The discount retailer Stein Mart has announced that it will be closing all 281 stores nationwide, just two days after declaring Chapter 11 bankruptcy.   Those closures include three Stein Mart locations locally in Palm Springs, Rancho Mirage, and La Quinta. Company liquidators will immediately launch a “going out of business sale” at all locations with […]

  • Stein Mart files for bankruptcy and will close most of its 300 stores

    Discount retailer Stein Mart has filed for bankruptcy and plans to close most of its nearly 300 stores. The 112-year-old company blamed its failure on changing consumer habits and the pandemic, both of which “have caused significant financial distress on our business,” Stein Mart CEO Hunt Hawkins said in a release on Wednesday. Like other retailers, its operations […]

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