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Stein Mart Inc declares Q2 & six-month results
18 Aug '05
4 min read
Store network update
During the second quarter of 2005, Stein Mart opened two new stores (Ocean, NJ and Boynton Beach, FL) and closed one store. For the year, the Company has opened four stores and closed six, for a quarter-end store count of 259.
The Company plans to open four additional stores in the fall season for a total of eight new stores, including one relocation that will take place next month. A new store in the Chicago suburb of Kildeer opens today. In the fourth quarter, the Company will close the final store in this year's planned closure of seven stores. At year-end, the Company expects to operate 261 stores. For 2006, the Company expects to open approximately 20 new stores around the country.
Second quarter conference call
The Company will host a conference call with management to discuss these results at 11:00 a.m. Eastern Time today (August 18) and may be accessed by all interested parties at company website.
Jacksonville based Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off- price retail chains. Currently with locations from California to New York, Stein Mart's focused assortment of merchandise features moderate to designer brand-name apparel for women, men and young children, as well as accessories, gifts, linens and shoes.
During the second quarter of 2005, Stein Mart opened two new stores (Ocean, NJ and Boynton Beach, FL) and closed one store. For the year, the Company has opened four stores and closed six, for a quarter-end store count of 259.
The Company plans to open four additional stores in the fall season for a total of eight new stores, including one relocation that will take place next month. A new store in the Chicago suburb of Kildeer opens today. In the fourth quarter, the Company will close the final store in this year's planned closure of seven stores. At year-end, the Company expects to operate 261 stores. For 2006, the Company expects to open approximately 20 new stores around the country.
Second quarter conference call
The Company will host a conference call with management to discuss these results at 11:00 a.m. Eastern Time today (August 18) and may be accessed by all interested parties at company website.
Jacksonville based Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off- price retail chains. Currently with locations from California to New York, Stein Mart's focused assortment of merchandise features moderate to designer brand-name apparel for women, men and young children, as well as accessories, gifts, linens and shoes.
Stein Mart Inc
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