NEW YORK, Nov. 10, 2020 /PRNewswire/ — Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, announced the sale of the intellectual property assets of Stein Mart and the execution of a stalking horse bid for the assets.
The assets available for sale include the Stein Mart® brand as well as its treasured private label brands, domain names, social media assets, and customer data.
Stein Mart has been a cherished destination for shoppers in the Southeast, Texas, Arizona and California for over 100 years. Through its omni-channel offerings, Stein Mart and SteinMart.com are known for their designer and private label fashion apparel, home décor, accessories, and shoes at everyday discount prices. As of January 2020, the Company operated 283 stores across 30 states in the U.S. as well as the growing ecommerce platform at SteinMart.com.
On October 29,