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Stein Mart Will Be Relaunched Online-Only By New Miami-Based Owner

Photo of Stein Mart website
BILL BORTZFIELD / WJCT NEWS
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Stein Mart's online store was shut down as part of the Jacksonville retailer's bankruptcy but it will be relaunched under new ownership next year.

After buying the intellectual property rights in bankruptcy court, Retail Ecommerce Ventures said it will relaunch Stein Mart as an online-only store early next year.

Stein Mart Inc., the Jacksonville-based fashion retailer, filed for Chapter 11 bankruptcy Aug. 12 and closed down its operations, including 281 stores.

WJCT News partner the Jacksonville Daily Record reports Miami-based Retail Ecommerce Ventures, or REV, is a company formed last year that is acquiring the rights to defunct retail brands and relaunching them online.

A subsidiary of REV called Stein Mart Online Inc. submitted a winning bid of $6.02 million for Stein Mart’s intellectual property in U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division.

Read the rest of this story at JaxDailyRecord.com.