>>
Home / Knowledge / News / Apparel/Garments / Stein Mart net sales slightly down at $276.1 mn in Q3 2019

Stein Mart net sales slightly down at $276.1 mn in Q3 2019

22
Nov '19
Pic: Stein Mart
Pic: Stein Mart
Stein Mart recorded net sales of $276.1 million for Q3 2019 compared to $279.0 million for Q3 2018. Net sales were impacted by fewer stores operating during the quarter. Comparable sales for the third quarter of 2019 decreased 0.1 per cent. Omni sales, defined as all online sales regardless of fulfillment channel, increased 18 per cent over last year’s Q3.

For the first nine months of 2019, net sales decreased 3.7 per cent to $882.7 million while comparable sales decreased 1.9 per cent to last year. Net sales were impacted by comparable sales results and fewer stores operating during the year. Omni sales increased 13 per cent over last year’s first nine months.

Gross profit for the third quarter of 2019 was $69.4 million or 25.1 per cent of sales compared to $69.8 million or 25 per cent of sales in 2018. For the first nine months, gross profit was $231.5 million or 26.2 per cent of sales in 2019 compared to $245.1 million or 26.7 per cent of sales in 2018.

The company had 283 stores at the end of the third quarter of 2019 compared to 288 at the end of the third quarter of 2018. It closed five stores during the first nine months of 2019.

“We saw a marked improvement in our sales trend in the third quarter. Comparable sales improved 250 basis points from the first half of the year to essentially flat, driven by incremental sales from the launch of our Kids department and a double-digit increase in omni sales,” said Hunt Hawkins, chief executive officer. “Our new fall initiatives are gaining traction and will continue to have a positive impact on our performance in the fourth quarter.”

For the fourth quarter of 2019, Stein Mart anticipates a flat to low single-digit increase in comparable sales impacted by its fall sales-driving initiatives. It expects the gross profit rate to be slightly lower than last year’s improved rate.

Stein Mart is a US specialty omni off-price retailer offering designer and name-brand fashion apparel for men, women and kids.

Fibre2Fashion News Desk (PC)


Must ReadView All

Pic: Shutterstock

Textiles | On 24th May 2022

US textile & apparel exports up 13% in January-March 2022

The exports of textiles and apparel from the United States were up by ...

Pic: Shutterstock

Apparel/Garments | On 24th May 2022

As German economy foresees a shrink, Bangladesh's exports may reduce

As the German economy is at the risk of shrinking by 2 per cent this...

Pic: Shutterstock

Textiles | On 24th May 2022

China to initiate steps to keep major economic indicators stable

China will adopt a slew of strong and targeted measures to stabilise...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Annabelle Georgina Hutter,

Annabelle Georgina Hutter

A Swiss, family-owned and run textile sourcing and supply company...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Stan Jewell,

Stan Jewell

Founded in 1921, Renfro Brands is a leading designer, manufacturer, and...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Meghana Goyal, Label - Summer Somewhere

Meghana Goyal
Label - Summer Somewhere

Summer Somewhere is a conscious clothing brand designed for every girl in...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Najla  & Cynthia Burt, Label - Dur Doux

Najla & Cynthia Burt
Label - Dur Doux

Renowned Washington DC based mother-daughter designer duo Najla 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

Leave your Comments

ESTEEMED CLIENTS

PVH Corporation
Sportswear Company Spa
Indofil Industries Limited - Specialty & Performance Chemicals Division
Tradewind International Servicing
Recron Polyester from Reliance Industries Limited
Datatex Consulting Srl
Indo Tex
Messe Frankfurt Exhibition GmbH
KAS Direct Sourcing
Cat Tuong Real Estate Group Joint Stock Company
China World International Exhibition Company Limited
TESTEX AG, Swiss Textile Testing Institute
Karl Mayer Textilmaschinenfabrik GmbH
Chico’ FAS
Brandix Lanka Limited
Kornit Digital Asia Pacific Ltd
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Esprit Europe Services GmbH
Palexpo SA
Hela Clothing Pvt Ltd
T.T. Limited
BTSR International S.P.A.
Shanghai  Aige Exhibition Service Co., Ltd
Stahl Holdings B.V.,
CSGIA(China Screen Printing & Graphic Imaging Association)
Arvind Limited
Sainsbury's Argos Asia Limited
MAS Active / MAS Kreeda / MAS Bodyline
Recron Polyester from Reliance Industries Limited
Equinox Impex India
TESCO INTERNATIONAL SOURCING LIMITED
Xtema - Thomas Lebherz Textilmaschinen
Asos
Babyshop
USTER
G.A.S. unternehmenskommunikation gmbh
Jiangsu Yingyang Nonwoven Machinery Company Limited
Aquarelle Clothing Limited
VNU Exhibitions Asia
IDH – The Sustainable Trade Initiative
Restoque S.A.
International Sourcing Expo Australia
Tory Burch Hong Kong Ltd
SYNERGIES HONG KONG LIMITED
GHCL LIMITED
Inter Expo Center Ltd.
Messe Duesseldorf
Midas Clothing Limited
H. Stoll AG & Company KG
Taiwan Textile Federation (TTF)
The LYCRA Company Singapore  Pte. Ltd
IIGM Private Limited
Applied DNA Sciences Inc
BTC Textiles LLC
Centric Software
SHAHI Exports Pvt Ltd
UBM China (Shanghai)
APLF Limited
NV Michel Van de Wiele
Saurer Textile Solutions Pvt. Ltd.
Brückner Trockentechnik GmbH & Co. KG
Eastman Chemical Company
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Amazon China
Lenzing Aktiengesellschaft
Datacolor AG Europe
Alix Partners
TEXVALLEY MARKET LIMITED
DuPont de Nemours, Inc.,
ITMA Services Pte Ltd
Flainox S.r.l.
Zydex Industries
BIMBA ;& LOLA SL
Bluestem Global Sourcing Limited
Truetzschler India Private Limited
Guess Europe Sagl,
JES MEDIA, INC
Performance Days
Boardriders Asia Sourcing Limited
Decathlon
Weitmann & Konrad GmbH & Co. KG
Alison Hayes Romania
IFF Media Ag - International Media Services
Huntsman (Singapore) Pte Ltd
Itema Weaving (India) Private Limited
Haelixa AG
G-Star Raw C.V.
Grasim Industries Limited
X-Rite Asia Pacific Limited (HK)
Jindal Worldwide Limited
Coats Digital Limited
The Top Form Brassiere Manufacturing Company Limited
Vardhman Textile Ltd
J ;& P Coats
Istanbul Fuarcilik A.S.
Shima Seiki Mfg. Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
Marzoli Machines Textile s.r.l.
BIANCA
Calvin Klein
Etam Group Strategy Hong Kong Limited
Eurofins BLC Leather Technology Centre Ltd
Phong Phu international JSC (PPJ)
Reiter India Private Limited
Mesdan SPA
Groz-Beckert East Asia LLP
OVS Hong Kong Sourcing Ltd.
Meera Dyestuff Industries
Rosset ;& Cia Limited
Bluesign Technologies Ag
Color Service s.r.l.
Thai Trade Center
Nihalani Events Management
Kern – Liebers Textile
Seasalt Limited
Puma
Infor (Hong Kong) Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
LC Waikiki
Abit
Under Armour Global Sourcing Ltd
Gokaldas Exports Limited
IKEA of Sweden AB
KIABI
Colours India Inc
Lenzing Aktiengesellschaft - India
Target Corporation (MN)
Sportmaster Ltd.
FESPA (Reigate)
John Varvatos
Chori Company Limited
Tuyap Tum Fuarcilik Yapim A.S.
Savio Macchine Tessili S.P.A.
Gloria Jeans
Gatsby Africa
Desigual - ABASIC, S.A.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Groz-Beckert KG
Woolmark Services India Pvt. Ltd.
Hirdaramani International Export Private Limited
Officina Meccanica Dora Enrico Srl
Rieter India Private Limited
EPCH
Splash
DyStar India Pvt. Ltd
CGS Inc.
Page Industries Limited (Bangalore)
Tommy Hilfiger
Vianney Textil Hogar S.A. De C.V.
Zünd Systemtechnik AG
Aleph Srl
GIOVANNI BOZZETTO S.p.A.
EMBEE CORPORATION
Green Fibre
Comasia Limited
TÜYAP IHTISAS FUARLARI A.S.
Benetton Group
Lacoste (Wanchai)
H;&M Hennes ;& Mauritz (Far East) Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Lottmann Communications
FULGAR SpA
Loris Bellini S.r.l.
NITI Aayog
C;&A Sourcing International Ltd
Walmart
Aramark Uniform ;& Career Apparel, LLC
Varner AS Retail
Tchibo GmbH
EUROVET ASIA LTD
GERBER TECHNOLOGY LTD.
Landmark Group
Lectra Technologies India Pvt Ltd.
Italian Trade Commission
BRINKMANN GMBH
Lisa S.P.A.
International Textile Manufacturers Federation
Lululemon Athletica Inc
Lifestyle
Gap International Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
ZAITEX spa
Maceton Limited
Pt. Peraga Nusantara Jaya Sakti
Nandan Denim Limited
Copenhagen Fashion Summit
K AND D ITMACH EXPOSITIONS LLP
Dow Silicones Corporation
Mayer & Cie. GmbH & Co. KG
Newtech Textile Technology Development (Shanghai) Company Limited
Rayonese Textile Inc., Division de Culp Inc.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Thai Acrylic Fibre Company Limited
COTTON COUNCIL INTERNATIONAL
Helly Hansen Far East Ltd
N9 World Technologies Private Limited

May 2022

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


Advanced Search