Stein Mart Inc has extended its agreement with national shoe distributor DSW Inc to supply shoes to all Stein Mart shoe departments until 2009.

Columbus, Ohio-based DSW Inc already supplied certain Stein Mart stores, but the new deal covers all 102 of its shoe departments.

According to a Stein Mart release the transition to DSW will begin in January 2007.
Jacksonville-based Stein Mart will receive 20% of all revenue from the shoe sales, with DSW receiving the rest.

DSW also has three existing distribution agreements with Gordman's Inc, Filene's Basement Inc and Frugal Fannie's - and operates 204 shoe stores of its own.

DSW has the right to terminate the supply contract with 60 days notice if the number of Stein Mart stores with shoe departments drops below 150 at any time.

Stein Mart on the other hand can terminate the agreement if shoe department sales don't meet a minimum percentage of overall store sales - 7.25% of sales in fiscal 2007, increasing one-quarter percentage point in each year after - during the agreement.