Stein Mart Opening Six New Stores, Relocating Four

by Harry Sheff

Stein Mart Jacksonville, Fla.-based off-price retailer Stein Mart will be opening six new stores in four states this fall and relocating four more in what the company says is its biggest expansion since 2007.

“We are extremely pleased with the stores we opened during the first half of the year and are very excited about our new locations opening this fall,” said CEO Jay Stein. “Our 2014 store expansion is the perfect way to introduce even more Stein Mart customers to our great offering of designer and name brand merchandise, at affordable prices, in an attractive, easy-to-shop setting.”

The openings start with Clovis, Calif. on September 26; followed by Citrus Heights, Calif. and Gainesville, Va. on October 2. Albuquerque, N.M. opens on October 23; Carlsbad, Calif. on November 6 and Delray Beach, Fla. on December 4.

The relocated stores are in Las Vegas; Mobile, Ala.; Rocklin, Calif. and Franklin, Tenn. All relocated stores will open between late September and the end of October.

Stein Mart operates more than 260 stores in 29 states. While it reported a drop in second-quarter earning last month, the retailer says same-store sales are up 2 percent, year-to-date through August.