Stein Mart, Inc. filed a notice for the selection of successful bidder in the US Bankruptcy Court for the sale of its certain assets on November 19, 2020. As a result of the auction conducted on November 18, 2020, Stein Mart Online, Inc., the original stalking horse bidder, has been selected as the winning bidder for the sale of debtor’s certain assets at a bid of $6.02 million and ZG Apparel Group, LLC as backup bidder at a bid of $5.92 million. The debtor’s assets include certain intellectual property. The sale hearing has been scheduled for November 23, 2020.