| Business Summary | | Stein
Mart,
Inc.
operates
a
chain
of
off-price
retail
stores.
At
December
30,
2000,
the
Company
operated
226
stores
in
29
states.
The
Company's
retail
chain
offers
fashionable,
current-season,
primarily
branded
merchandise
comparable
in
quality
and
presentation
to
that
of
traditional
department
and
fine
specialty
stores
at
prices
typically
25%
to
60%
below
those
regularly
charged
by
such
stores.
The
Company's
focused
assortment
of
merchandise
features
moderate
to
designer
brand-name
apparel
for
women,
men
and
children,
as
well
as
accessories,
gifts,
linens,
shoes
and
fragrances.
The
Company's
stores,
which
average
approximately
38,000
gross
square
feet,
are
located
primarily
in
neighborhood
shopping
centers
in
metropolitan
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Stein
Mart,
Inc.
operates,
as
of
12/00,
a
chain
of
226
off-price
retail
stores
in
29
states.
Each
store
offers
women's,
men's
and
children's
apparel,
as
well
as
gifts,
accessories,
linens
and
shoes.
For
the
six
months
ended
6/30/01,
net
sales
increased
10%
to
$591.6
million.
Net
income
decreased
36%
to
$9.5
million.
Results
reflect
an
increase
in
comparable
store
sales,
offset
by
higher
markdowns
and
increased
advertising
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jay Stein, 55 Chairman | $1.2M | -- | Michael Fisher, 60 Pres,
COO | 536K | -- | John Williams, Jr., 63 Vice
Chairman, CEO | 1.1M | $1.1M | James Delfs, 54 CFO,
Sr. VP-Fin. | 307K | -- | Gwen Manto Exec. VP and CMO | 835K | -- | Dollar amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|