Stein Mart had said in June that Covid-19 caused financial distress for the company, adding in a regulatory filing that the company had "substantial doubt" it would continue to operate for the next year.

Stein Mart began in 1908 as a small department store in Mississippi before eventually expanding to nearly 300 locations across 30 states.

Each store has around 30 employees, and the company currently employs more than 8,000 people.

Stein Mart joins several other retailers have fallen into bankruptcy in recent months, including Tuesday Morning, JCPenney, Sur La Table and Muji.