Stein Mart, a discount retailer of fashion apparel, accessories, home décor and shoes, will open six new stores this fall as part of an extensive store expansion plan.
In total, Stein Mart plans to open nine new locations in key growth markets and relocate seven stores. The retailer will be operating more than 270 locations nationwide once the new stores open.
The six new stores opening this fall will be located in:Albuquerque, New Mexico; Carlsbad, Calif.; Citrus Heights, Calif; Clovis, Calif.; Delray Beach, Fla.; and Gainesville, Va. The four relocated stores opening this fall will be stationed in: Franklin, Tenn.; Las Vegas, Nev.; Mobile, Ala.; and Rocklin, Calif.
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The news of the store openings comes on the heels of a two-year period of ongoing sales growth. Stein Mart has seen same-store sales increase by 2% in 2014 to date. For the 2013 fiscal year, same-store sales increased a total of 3.7%.
“We are extremely pleased with the stores we opened during the firsthalf of the year and are very excited about our new locations openingthis fall,” said Jay Stein, CEO of Stein Mart. “Our 2014 store expansion is the perfect way to introduce even more Stein Martcustomers to our great offering of designer and name brand merchandise,at affordable prices, in an attractive, easy-to-shop setting.”
