Stein Mart, Inc. operates as a national specialty omnichannel off-price retailer that offers designer and name-brand fashion apparel, home décor, accessories, and shoes.
As of February 1, 2020, the company operated 283 stores in 30 states and an online retail selling site. Its stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. The company is concentrated in the Southeast and Texas, where 182 of its stores are located. Majority of the locations are in neighborhoods...
Stein Mart, Inc. operates as a national specialty omnichannel off-price retailer that offers designer and name-brand fashion apparel, home décor, accessories, and shoes.
As of February 1, 2020, the company operated 283 stores in 30 states and an online retail selling site. Its stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. The company is concentrated in the Southeast and Texas, where 182 of its stores are located. Majority of the locations are in neighborhoods, community and regional shopping centers frequented by an affluent customer. The company’s optimal co-tenants within these shopping centers cater to a similar target customer and include highly-frequented retail formats, such as other apparel retailers, higher-end grocers and restaurants. Its store is approximately 34,000 gross square feet.
Omnichannel Capabilities
The company sells merchandise offerings on its Website at www.steinmart.com. Website offerings include majority of the same products offered in its stores, as well as online products. The Website also provides information for customers regarding store locations, brands, products and selected sales promotion activity. The company’s e-commerce software and warehouse distribution are managed by two third-party providers.
Customer Service
The company’s stores offer various services found in department or specialty stores, such as mobile technology to locate product for customers and order it online, a SMart Rewards loyalty program, co-branded and private label credit card programs, and electronic gift cards.
Target Customer
The company’s target customer is a woman, who is married and college educated.
Suppliers
The company’s shoe department and vintage luxury handbag inventory are supplied and owned by DSW, Inc. and LXRandCo, Inc., respectively.
Strategy
The company’s strategy is designed to energize its existing customers and acquire new customers.
Seasonality
The company’s business is seasonal in nature. Sales and profitability are higher in the first and fourth quarters (year ending February 2020) of the fiscal year, which include the spring and holiday seasons.
Trademarks
The company owns the federally registered trademark Stein Mart, together with various other marks used in conjunction with its private label merchandise program.
History
Stein Mart, Inc. was founded in 1908.