Stein Mart Announces Five New Stores Opening This Spring
February 16 2017 - 8:00AM
Stein Mart (NASDAQ:SMRT) (the “Company”) today announced the
locations of its five new stores opening this spring - the
first phase of its 2017 store plan to open a total of 11 new
stores.
“These new stores fall within our real estate
strategy to grow sales by filling existing markets where we are
doing well,” said Hunt Hawkins, CEO of Stein Mart. “We look forward
to introducing our customers to these new locations where they will
always find great values on the best designer and name brand
merchandise, in an attractive, easy-to-shop setting.”
The locations and currently scheduled opening dates for Stein
Mart’s spring new store group
are:
- Auburn, AL: Auburn Mall – March 23
- Bainbridge Township, OH: Marketplace at Four Corners –
March 16
- Brentwood, TN: Brentwood Place – March 16
- Cincinnati, OH: 32 East – March 30
- Marietta, GA: Parkside at Cobb West – March 9
In addition, the Company is relocating one store
from Morrisville, NC to a new location at Parkside Town Commons in
Cary on March 30 and is planning to close five under-performing
stores during 2017. The locations of the six new fall stores,
which are scheduled to open in September and October, will be
announced this summer.
About Stein MartStein Mart, Inc. (NASDAQ:SMRT) is a
national retailer offering designer and name-brand fashion,
accessories and home decor at everyday discount prices. Stein Mart
provides real value that customers will love every day both in
stores and online. The Company currently operates 290 stores across
31 states. Stein Mart is adding new modern brands to its stores to
offer discriminating shoppers even more of the fashion and savings
they want. For more information, please visit
www.steinmart.com.
For more information:
Linda L. Tasseff
Director, Investor Relations
(904) 858-2639
ltasseff@steinmart.com
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