Coronavirus: Stein Mart location in Kettering, all other 278 U.S. stores closing in bankruptcy

KETTERING — All 279 U.S. Stein Mart stores across 30 states, including the Town and Country location in Kettering, are closing through “Going-Out-of-Business” sales, according to national media reports.

Officials with the national retailer this week announced that Stein Mart has filed for Chapter 11 protection because of the “financial distress” caused by the COVID-19 pandemic.

>>RELATED: Stein Mart files for bankruptcy

“New merchandise arriving in stores, as well as customers’ favorite familiar brands, are deeply discounted and will sell out quickly at these low prices,” a spokesperson for the joint venture said in a statement Friday.

The joint venture includes Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial Inc.‘s US:RILY Great American Group and SB360 Capital Partners, marketwatch.com reports.

“We are encouraging shoppers to take advantage of Stein Mart’s abundant assortment of merchandise at substantial price reductions before it’s too late,” the spokesperson said.

Beside the Stein Mart in Kettering at Town and Country, 100 E. Stroop Road, other Stein Mart locations in Ohio include single stores in Aurora, Beachwood and Canton; three in Cincinnati; two in Columbus; and one each Toledo and Westlake.

Cox Media Group