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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > Stein Mart, Inc.

Stein Mart, Inc.
Nasdaq: SMRT
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 NEWS FROM THE WIRES
Stein Mart names Williams as CEO
Aug 14 2001 05:27 AM PDT

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 PROFILE
Stein Mart promises upscale fashion at off-price discounts. The company -- with about 225 stores in some 30 states -- sells women's, men's, and children's brand-name clothing at discount prices. Fashions range from casual to formal wear. Its stores also sell jewelry, bed and bath linens, and gift items. Independent firms lease its shoe and fragrance departments. Its upscale women's boutiques are staffed by socialites who work part-time to receive employee discounts. Russian immigrant Sam Stein founded Stein Mart in the early 1900s. The company had one store in Greenville, Mississippi, until 1977 and has grown rapidly since then. Chairman and CEO Jay Stein, the founder's grandson, controls about 39% of Stein Mart.

 COMPETITION
Federated Department Stores, Inc. (FD)
J. C. Penney Company, Inc. (JCP)
The TJX Companies, Inc. (TJX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,206.60
1-Yr. Sales Growth: 16.6%
Employees: 14,400
Revenue per employee: $83,791.67

 KEY PEOPLE
• Jay Stein
    CEO
• James G. Delfs
    CFO

 CONTACT INFO
1200 Riverplace Blvd.
Jacksonville, FL 32207
US
Phone: 904-346-1500
Fax: 904-398-4341
Online: Web Site

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