Off-price retailer Stein Mart, which filed for bankruptcy in August, has hired Hilco Streambank to put the brand’s intellectual property (IP) up for sale. Hilco Streambank will receive a percentage of the proceeds from a potential sale.
Depending on who purchases the IP, a sale may allow Stein Mart to come back to life via ecommerce or even brick-and-mortar stores, following the same path as once-defunct retailers Toys ‘R’ Us and Charming Charlie, among others.
Prior to its bankruptcy filing and liquidation, Stein Mart was operating 281 stores in 30 states.
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