Home / Knowledge / News / Apparel/Garments / Apparel retailer Stein Mart to open 10 US stores this year
Apparel retailer Stein Mart to open 10 US stores this year
26
Feb '14
Stein Mart announces the opening of 10 new stores this year as part of the company's largest store expansion since 2007, beginning with new locations in the Miami, Washington, D.C. and Las Vegas areas set to open this spring. 
 
This year's new store openings will bring the company's total nationwide store count to more than 270. The announcement of this expansion follows the company's fiscal 2013 same-stores sale growth of 3.7 percent.
 
The Miami and Washington, D.C. stores will open in former Loehmann's locations - an example of Stein Mart's aggressive real estate strategy focused on securing strategically important retail locations in targeted growth areas. 
 
This expansion will provide Stein Mart its first Miami area store and third in the Washington, D.C. area, each selected because of its attractive, high-traffic appeal where the company's core customer-base has been underserved.
 
"Our focus on offering designer and national brands at discount prices every day continues to prove successful and has enabled us to put into motion our largest store opening plan in years," said Jay Stein, CEO of Stein Mart. 
 
"We understand that increasing our number of stores is an important part of our sales growth strategy, so this is significant news for us. We are fortunate to have a talented management team that identifies key locations in targeted growth areas, so we are always prepared to act when a prime location becomes available."
 
The three new stores opening in spring 2014 are located in:
Las Vegas: 2060 North Rainbow Blvd. - March 20
Miami area: 19915 Biscayne Blvd, Aventura - May 15
Washington, D.C. area: 7271 Arlington Blvd, Falls Church, VA - May 15
 
The locations of the remaining seven new stores opening in 2014 will be announced this summer, with six scheduled to open in October and one in November.
 
In addition to opening new stores, Stein Mart will move six existing stores to new locations, beginning with relocations this spring of stores in:
Hendersonville, NC: 233 Greenville Hwy. - March 20
Overland Park, KS: 6403 W. 135th St. - March 20
Birmingham, AL: 5275 Hwy. 280 South - May 1
 
Stein Mart plans to close two stores in 2014, with closures of both locations (Fernandina Beach, FL and Brentwood, TN) already completed.
 

Stein Mart

Must ReadView All

Textiles | On 27th Aug 2016

French textile machinery makers to show at ITMA CITME

Seven French textile machinery manufacturers will showcase their...

courtesy: JLL

Apparel/Garments | On 27th Aug 2016

Indian cities clocking fastest retail growth: Report

Indian cities such as Bangalore, Hyderabad, Delhi and Pune are...

courtesy: Delta Galil

Fashion | On 27th Aug 2016

VF Corp completes sale of 3 brands to Delta Galil

VF Corporation, a global leader in the design, manufacture, marketing ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search