Stein Mart

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US apparel retailers' January 2016 sales roundup

Hurt by adverse weather conditions, a continued shift by consumers to invest in high-value items such as cars, and a general slump after the...

US apparel retailers' December 2015 sales roundup 

Santa delivered some generally positive holiday sales results to US apparel retailers in December as they grappled with a rapidly changing o...


Katie Smith | 4 Dec 2015

As US apparel retailers readied themselves for a busy Black Friday weekend, sales proved to be somewhat disappointing. Despite a more favourable macro backdrop to consumer spending this holiday season, the majority of clothing chains reported comparable store sales declines. 


Katie Smith | 10 Nov 2015

Unseasonably warm weather weighed on US retailers' sales of autumn clothing in October, combining with sluggish mall traffic, softer Halloween sales, lacklustre income gains, and a continued shift in spending to motor vehicles, experiences and restaurants to push the majority of clothing chains to comparable store sales declines in the month.


Katie Smith | 9 Oct 2015

September proved to be another mixed month for US clothing retailers. While a later Labor Day weekend and the tail end of back-to-school selling boosted sales for some, the holiday shift combined with unseasonably warm weather hampered others, leading to many chains posting comparable store sales declines. 


Katie Smith | 11 Sep 2015

US consumer spending was hampered by international concerns, including a China slowdown and emerging market stress, currency devaluations, and extremely volatile equity markets in August. And although back-to-school spending picked up in the latter half of the month, the majority of clothing retailers reported comparable store sales declines.

Latest News

Michelle Russell | 30 Sep 2016

Stein Mart CEO and chief merchandising officer Dawn Robertson has stepped down as the off-price fashion retailer revealed lower sales for its third-quarter and a narrowing of gross margin.


In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


Beth Wright | 20 May 2016

Off-price fashion retailer Stein Mart said it is pleased with spring inventories going into the next quarter after seeing a 0.6% rise in total sales in its first-quarter.


In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


Katie Smith | 16 Mar 2016

Stein Mart has appointed Dawn Robertson as its new CEO, who is expected to bring a "fresh focus" to the off-price fashion retail group and its merchandising division.


In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.


Michelle Russell | 13 Mar 2015

Off-price fashion retailer Stein Mart said it has recovered from a second half that was negatively impacted by poor weather to record a “strong” fourth-quarter of sales and earnings growth.


Michelle Russell | 21 Nov 2014

Off-price fashion retailer Stein Mart has swung to a loss in its third-quarter but said it plans to open at least ten new stores and relocate two stores in 2015, in addition to closing two stores.


Michelle Russell | 21 Aug 2014

Off-price fashion retailer Stein Mart said it has a number of important initiatives in place to grow its bottom line as it revealed a drop in second-quarter earnings.


Michelle Russell | 23 May 2014

Off-price fashion retailer Stein Mart saw earnings tumble in its first-quarter as investments in new stores and e-commerce, and the timing of its annual advertising spend, hit profits.


Katie Smith | 28 Apr 2014

Off-price fashion retailer Stein Mart has created a new title of president, which will be shared by COO Hunt Hawkins and chief merchandising officer Brian Morrow.


Michelle Russell | 13 Mar 2014

Off-price fashion retailer Stein Mart Inc has booked a drop in fourth-quarter earnings on the back of lower revenues and one-time charges.


Leonie Barrie | 21 Nov 2013

Off-price fashion retailer Stein Mart Inc has turned in a profit during its third quarter thanks to "continued sales momentum."


Katie Smith | 22 Aug 2013

Higher sales and improved margins helped off-price fashion retailer Stein Mart to book a 47.8% increase in second quarter profit.


Katie Smith | 27 Jun 2013

Jay Stein has been named as the chief executive officer of off-price fashion retailer Stein Mart, after holding the position for two years on an interim basis.


Katie Smith | 24 May 2013

Off-price fashion retailer Stein Mart has booked a 35.6% jump in first-quarter net profit, driven by fewer markdowns and increased sales.


Katie Smith | 7 May 2013

Off-price fashion retailer Stein Mart has seen its full-year and fourth-quarter profits surge, boosted by increased sales and lower markdowns.


Katie Smith | 18 Apr 2013

Off-price fashion retailer Stein Mart has revealed that a panel has granted its request for continued listing on the Nasdaq Stock Market while it regains compliance.


Petah Marian | 12 Dec 2012

US department store operator Stein Mart has received a Nasdaq notice of non-compliance as it did not file its quarterly report on time for the third quarter, ended 27 October.


Leonie Barrie | 12 Nov 2012

Discount clothing and homewares retailer Stein Mart Inc is to restate more than three years' worth of financial reports after identifying a number of accounting errors.


Katie Smith | 17 Aug 2012

Discount store retailer Stein Mart has booked a 44.5% fall in second-quarter net profit despite posting an increase in sales.


Petah Marian | 9 Mar 2012

Stein Mart recorded a sharp decline in fourth-quarter net income as the company vowed to turnaround sales and improve its price positioning.

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