Stein Mart Announces Eight New Stores Opening This Fall
August 03 2016 - 7:30AM
Stein Mart (NASDAQ:SMRT) announces the locations of its eight new
stores opening this fall to complete its 2016 store plan to open 13
new stores this year.
“Opening new stores is an important part of our growth strategy.
We are very excited about this particular group of stores coming
this fall,” said Dawn Robertson, Chief Executive Officer of Stein
Mart. “These new stores exemplify our current real estate strategy
to fill existing markets where we are doing well and enter newer
markets in which we have an opportunity to grow in terms of number
of stores and sales volume. Several of these stores, including Ann
Arbor, San Clemente, Walnut Creek and West Bloomfield, will reflect
our newly evolving merchandising strategy to grow modern vendors to
reach additional customers in certain markets which support this
customer demographic.”
The locations and currently scheduled store opening dates for
Stein Mart’s fall new store group
are:
- Ann Arbor, MI: Maple Village shopping center – October 13
- Canton, OH: Venue at Baldwin – October 20
- Rogers (Fayetteville), AR: Scottsdale Center – October 13
- San Clemente, CA: Estrella Plaza – September 22
- Seminole (Tampa), FL: Seminole City Center – October 27
- Thornton (Denver), CO: The Grove – October 13
- Walnut Creek (San Francisco Bay area), CA: The Orchards
shopping center – October 13
- West Bloomfield, MI: Gateway Shopping Center – October 20
Stein Mart is also relocating one of its St. Louis area stores
from Ballwin to Town and Country Crossing shopping center in Town
and Country, Missouri on October 20.
Each of these stores will bring an estimated 40 jobs to the
communities in which they are opening. For information on
employment opportunities at Stein Mart, please visit
www.steinmartjobs.com.
About Stein MartStein Mart stores offer the fashion merchandise,
service and presentation of a better department or specialty store,
at prices competitive with off-price retail chains. With 283
locations from California to Massachusetts, as well as
steinmart.com, Stein Mart’s focused assortment of merchandise
features current season, moderate to better fashion apparel for
women and men, as well as accessories, shoes and home
fashions. For more information, please visit
www.steinmart.com.
SMRT-G
For more information:
Linda L. Tasseff
Director, Investor Relations
(904) 858-2639
ltasseff@steinmart.com
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