Tuesday, May 19, 2009

Another store set to close its doors soon

Posted By on Tue, May 19, 2009 at 10:30 AM

The Stein Mart in Cotswold is set to close this summer.

Like a range of other retailers, Jacksonville, Fla.-based Stein Mart has been hit hard by the recession. It reported a net loss of $71.3 million in 2008 and expects to close 10 to 13 stores this year. No other locations in Charlotte market are slated to close, Edelman said.

Read the rest of this Charlotte Observer story here.

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