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Fashion Jobs
VF
Manager, Finance & Automation Technology
Permanent · 香港
ESTÉE LAUDER COMPANIES
Senior Manager, Pmo, Asia Pacific
Permanent · HONG KONG
CLINIQUE
Senior Marketing Director, Clinique, Asia Pacific
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Director, Business Analysis, Corporate Functions, Asia Pacific IT
Permanent · Hong Kong
VF
Manager, Product Supply Analytics Product Owner
Permanent · 香港
VF
Buyer, Retail Buying
Permanent · 香港
TOM FORD BEAUTY
Sales & Education Director, Tom Ford Beauty, Asia Pacific
Permanent · Hong Kong
ESTÉE LAUDER
Regional Education Director, Estee Lauder, Asia Pacific
Permanent · Hong Kong
PUMA
Senior Manager Chemical Compliance
Permanent · Hong Kong
LEVI'S
Gsp Purchasing Operations Analyst
Permanent · Wan Chai
ESTÉE LAUDER COMPANIES
Business Intelligence Solutions Manager, Asia Pacific
Permanent · Hong Kong
I.T.
Project Manager, Ecommerce
Permanent · Hong Kong
ESTÉE LAUDER
Vice President, Marketing, Estee Lauder, Asia Pacific
Permanent · Hong Kong
ESTÉE LAUDER COMPANIES
Presidential Associate
Internship · HONG KONG
LULULEMON
Full-Time Educator | Festival Walk
Permanent · Kowloon Tong
LULULEMON
Part-Time Educator | Festival Walk
Permanent · Kowloon Tong
VF
Data Analyst
Permanent · 香港
VF
Project Analyst
Permanent · 观塘
ESTÉE LAUDER COMPANIES
Fast to Action Project Director, Asia Pacific
Permanent · Hong Kong
VF
Senior Fabric Merchandiser
Permanent · 观塘
ESTÉE LAUDER COMPANIES
Senior Online Manager, Asia Pacific
Permanent · HONG KONG
VF
Credit Analyst
Permanent · 香港
By
Reuters
Published
Aug 13, 2020
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Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection

By
Reuters
Published
Aug 13, 2020

American off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns.


Stein Mart expects to close most of its stores



The Jacksonville, Florida-based retailer also said it was evaluating strategic alternatives, including a potential sale of its online business and related intellectual property.

“The combined effects of a challenging retail environment coupled with the impact of the Covid-19 pandemic have caused significant financial distress on our business,” Chief Executive Officer Hunt Hawkins said.

The century-old retailer, which operates 281 stores, said it expected to close a significant portion, if not all, of its brick-and-mortar stores. It has already launched a store closing and liquidation process.

Stein Mart, which filed for Chapter 11 in a bankruptcy court in Jacksonville, Florida, had $197.8 million in debt at the end of the first quarter ended May 2. It posted a loss of $65.7 million in the quarter, while its total revenue more than halved.

Disruptions in the retail sector have forced many companies, including apparel brand Brooks Brothers, luxury department store chain Neiman Marcus Group, clothing retailer J. Crew Group Inc and J.C. Penney Co Inc to opt for bankruptcy protection in recent months.

Shares of Stein Mart fell 38% in premarket trade. They are down about 56% this year.

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