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Stein Mart

Michelle Russell

Stein Mart warns on its ability to survive the next year

18 June 2020 | Michelle Russell

Stein Mart has raised "substantial doubt" about its ability to survive over the next 12 months and is considering a number of options, including a sale of the company, after the Covid-19 pandemic hit operational results and cash flow.... read more

Stein Mart makes CEO switch amid falling sales

30 September 2016 | Michelle Russell

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.... read more

US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity

15 April 2016 | Michelle Russell

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. ... read more

US apparel retailers' December 2015 sales roundup 

8 January 2016 | Michelle Russell

Santa delivered some generally positive holiday sales results to US apparel retailers in December as they grappled with a rapidly changing omnichannel landscape, low and middle income consumers with limited discretionary spending power, and a very mild autumn that depressed clothing sales.... read more

UPDATE: US apparel retailers' July 2015 retail roundup

11 August 2015 | Michelle Russell

July proved to be a difficult month for the apparel chains reporting monthly sales, with several hurt by tax holiday shifts in some southern states into August from July last year. As a result, retailers are not heading into the key back-to-school selling season with much momentum.... read more

Stein Mart recovers to record “strong” Q4

13 March 2015 | Michelle Russell

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.... read more

Stein Mart swings to Q3 net loss

21 November 2014 | Michelle Russell

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.... read more

US apparel retailers' September 2014 sales roundup

10 October 2014 | Michelle Russell

As back-to-school shopping tailed off in the first part of September, so too did sales for many US apparel retailers. Negative surprises from the likes of Gap, outweighed better-than-expected results from retailers such as L Brands & Zumiez.... read more

US: Stein Mart Q2 earnings slide on costs

21 August 2014 | Michelle Russell

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.... read more

US: Investments weigh on Stein Mart Q1 earnings

23 May 2014 | Michelle Russell

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.... read more

US: Stein Mart Q4 earnings tumble on charges

13 March 2014 | Michelle Russell

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.... read more