The discount chain Stein Mart filed for Chapter 11 bankruptcy today and advised that it’ll be closing most – if not all – of its ~300 stores nationwide.
Although they’re hoping to keep the business going, it’s not looking good and so this retailer might collapse faster than some of the other stores that have filed for Chapter 11 bankruptcy in recent months.
There was never a huge market for Stein Mart gift cards, but I think there have been very occasional deals on their gift cards or Amex Offers, Chase Offers, etc. where you might have picked up some of their cards. As a result, it might be worth redeeming them online or in-store ASAP as I suspect they’ll be worth nothing within a few months unless some kind of miracle happens.