Connect with us


Pier 1 owner buys bankrupt Stein Mart for $6 million, to relaunch brand online next year – CNBC

Retail Ecommerce Ventures will pay roughly $6 million for Stein Mart’s intellectual property, with plans to relaunch the off-price retailer online next year.



post featured image

The company that has given Pier 1 Imports, Dressbarn and Modell’s Sporting Goods a second chance at life online, is adding another embattled retailer to its empire: Stein Mart.
Miami-based Retail Ecommerce Ventures has emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart, the company announced Wednesday. It will pay $6.02 million for the Stein Mart nameplate, as well as its private-label brands, domain names, social media assets and other customer data….

Click here to view the original article.

Continue Reading

You might also like ...

post featured image
Mega Millions lottery: Did you win Friday’s $750M Mega Millions drawing? Results, winning numbers (1/15/2021) –
post featured image
NYT: A man has over $200 million worth of Bitcoin, but he forgot the password to access it – WCVB Boston
post featured image
LeBron James of Los Angeles Lakers to sign deal with Pepsi after leaving Coca-Cola – ESPN