After more than a century in business, the national discount department store Stein Mart, Inc. has filed for Chapter 11 protection. The coronavirus continues to provide a debilitating headwind towards the retail sector.
The Jacksonville, Fla.-based company will shutter nearly 300 brick-and-mortar locations across the U.S. before the end of 2020. Their FRISK® score, which is 96% predictive of public company bankruptcy risk, had been at a worst-possible "1" for much of the summer before their petition on Aug. 12:
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CreditRiskMonitor® Bankruptcy Case Studies provide post-filing analyses of public company bankruptcies. Our case studies educate subscribers about methods they can apply to assess bankruptcy risk using our proprietary FRISK® score, robust financial database, and timely news alerts.
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