stein mart
stein mart ceo jay stein at the stein mart location in chantilly, va .
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a: you can receive a replacement certificate by calling stein mart credit card customer service at 1 - 855 - 269 - 2139 for the stein mart credit card and 1 - 866 - 864 - 2149 for the stein mart platinum mastercard .
join stein mart today, we’ve got a great career in store for you .
jay stein, ceo of retailer stein mart, discusses the biggest challenges the retail industry faces and his leadership philosophy .
the company announced tuesday it named dawn robertson as the new ceo of stein mart .
stein mart, inc. (smrt) dividend date & amp; history - urltoken
sign up today and start enjoying the benefits of being a stein mart preferred customer .
eschewing shoes, stein mart prefers to outsource its footwear department to proven shoe retailers. dsw is the exclusive operator of shoe departments in all of stein mart' s stores .
april 2017: this case was consolidated with another similar lawsuit, schuh v. stein mart .
stein mart, inc. (smrt) ceo hunt hawkins on q1 2018 results - earnings call transcript
stein mart went through three ceos from 2001 to 2011, when stein was reinstated as interim ceo. he was officially named as ceo in june .
stein mart® associates may find all relevant human resource, associate services, benefits and family support information here .
ceo closeup: jay stein' s personal stein mart touch from the looks of him, jay stein is a retailer. donning circular tortoise - shell glasses that frame his tanned check out this story on urltoken urltoken
russian immigrant sam stein founded stein mart in the early 1900s. the company had one store in greenville, mississippi, until 1977, when it began growing rapidly .
robertson has been appointed to the board of directors as well as being given the top executive slot in stein mart .
april 2017: this case was dismissed and consolidated with another lawsuit against the store, sperling v. stein mart .
“stein mart: an american story of roots, family, and building a greater dream” is concise and honest — periods of poor sales and earnings and stein family infighting and disagreements are dutifully presented along with the successes and joys. ginzl does an excellent job of painting a true picture of both the steins and stein mart. if one wants to know the “real” stein mart story, get a copy and enjoy .
sign up to track 65 nationally aired tv ad campaigns for stein mart. in the past 30 days, stein mart has had 812 airings and earned an airing rank of # 954 with a spend ranking of # 963 as compared to all other advertisers. competition for stein mart includes macy' s, jcpenney, walmart, kohl' s, target and the other brands in the retail stores: department stores industry. you can connect with stein mart on facebook, twitter and youtube .
stein is president and ceo of his family' s namesake, stein mart, a chain of 262 stores — 263 as of thursday, when another opens in watchung, n. j. — primarily throughout the southeast and texas. it' s headquartered in jacksonville. as stein says ,
stein mart does best where the sun shines .
stein mart, inc. (nasdaq: smrt) files an 8 - k submission of matters to a vote of security holders
nashville' s bohan advertising chosen agency of record for creative and strategic services by jacksonville - based national fashion retailer stein mart .
stein mart is appointing bohan advertising as its new aor following a formal review as the national retailer redefines its marketing and communications efforts .
being a stein mart preferred customer has its privileges. use your card every time you shop - it' s easy and free !
stein mart' s success may have as much to do with offering customers great deals as with its familial roots and personality. stein has an 87% approval rating on job ratings site glassdoor .
a: yes, reward certificates can be redeemed in store toward any merchandise and used just like cash at stein mart when using your stein mart credit card. also, reward certificates can be used in addition to any other offers or discounts in store when making a transaction .
jacksonville, florida - based national retain chain stein mart appointed nashville - based independent agency bohan as its creative and strategic agency of record .
in the past, stein mart has worked with agencies including orlando’s fry hammond barr and arnold new york, according to the nashville post .
stein mart, inc. announced this week the appointment of maryanne morin as president of the company, with responsibility over merchandising and marketing .
a: as long as you continue to spend at least $ 500 at stein mart within a calendar year, your elite status is secure .
robertson is replacing stein, who was the longtime ceo. stein is the founder of the company and told the stein mart board of directors he wanted a reduced role in the company but would remain as chairman of the board, a company news release said tuesday .
stein mart also conducted extensive consumer marketing research to help provide better clarity of its brand. one key takeaway was that customers view stein mart as a hybrid between the department stores and off - price retailers. thus customers are a bit uncertain of what the brand stands for, the company has concluded .
welcome back! please enter your email address and password to sign into your online shopping account. this is different than your stein mart credit card account .
a: no. however, all stein mart elite cardholders will continue to earn 1 point per $ 1 spent everywhere else mastercard® is accepted * * .
whether it’s in one of our 290 stores or online at steinmart. com, you’ll find great deals are always in and in style at stein mart® .
jay had a slightly different vision for stein mart than his grandfather or father. jay began changing stein mart’s merchandise to a higher quality product, at a higher yet still discounted price, than previous merchandise. jake was not impressed with the idea, but jay insisted. it has proved an unqualified success .
the founder of jacksonville - based stein mart inc. , jay stein, is stepping down as ceo of the fashion merchandise and apparel stores, though he will remain with the company as chairman of the board of directors .
for party season, stein mart has a selection of reasonably priced evening and cocktail dresses appropriate for any social occasion. and if you need to add a splash of contrast, we have attractive shrugs that’ll add that extra spark. whatever the season, you’ll find attractive and stylish apparel for women at stein mart .
stovall admitted that while the home business began to show recently a
turnaround
at other major chains ,
it didn' t at stein mart .
stein mart soon gained similar relationships with other retailers such as neiman - marcus and nordstrom. and it became an institution, almost a way of life, for people in greenville and surrounding areas. no longer a store only for the less affluent, shoppers at stein mart now included those with money and discerning tastes. doctors and lawyers rubbed shoulders with blue - collar workers and farmers. many native greenvillians that had moved away would return to greenville simply to shop at stein mart .
he said that about five years ago, home comprised about 20% of stein mart' s total business; today, that number has shrunk to 12% .
we invite you to explore the many ways stein mart® and its associates take on a social responsibility within our community through time, donations and causes we believe in .
the goal is to
return home to a destination for the stein mart customer. we lost that position. and we think it has a tremendous effect on our total business. the customer came to stein mart for that special gift and we were at mass merchant prices. so you' ll see that whole thing change .
stein mart' s style is to operate department store - like stores that feature discount prices while maintaining an upscale vibe. with about 290 shops in some 30 states as well as an online presence, it sells off - price women' s, men' s, and children' s brand - name clothing. fashions range from casual to formal. stein mart also sells jewelry, handbags, linens, home decor, and gifts. an independent firm leases stein mart' s shoe departments. its target customers are mature women with household incomes of $ 100, 000 and a taste for bargains. stein mart tries to place stores in shopping malls in upscale areas. chairman jay stein, the founder' s grandson, controls the company .
a: visit www. steinmartcredit. com. you can pay your bill, review your recent transactions, and view your statement and balance. for help by phone, call customer service at 1 - 855 - 269 - 2139 for the stein mart credit card and 1 - 866 - 864 - 2149 for the stein mart platinum mastercard .
stein mart then took another approach. the retailer installed a new leadership team in its home business
and said we are going to reinvent it - top to bottom .
bohan is a good fit culturally for our organization, and their retail expertise uniquely positions them to understand the stein mart brand, ” stated hunt hawkins, ceo, stein mart. “bohan has shared interesting insights not only on the dynamic retail industry but also on our customers. we look forward to their creative direction as we move forward. ”
stein mart' s advertising budget was $ 59. 6 million, $ 57. 5 million and $ 56. 3 million for 2016, 2015 and 2014, respectively .
“bohan is a good fit culturally for our organization, and their retail expertise uniquely positions them to understand the stein mart brand, ” said hunt hawkins, stein mart’s chief executive officer. “bohan has shared interesting insights not only on the dynamic retail industry but also on our customers. we look forward to their creative direction as we move forward. ”
bohan trish mcgee, 615 - 327 - 1189 tmcgee @ urltoken or stein mart, inc. linda tasseff, 904 - 858 - 2639 director of investor relations ltasseff @ urltoken
in connection with morin' s arrival, d. hunt hawkins was appointed ceo of stein mart, effective jan. 24. hawkins was named the company' s interim ceo in september 2016, and previously served as stein mart' s president and chief operating officer from 2014 to 2016, and executive vice president, chief operating officer from 2011 to 2014 .
today, about 30% of the home department ay stein mart stores reflects the
reinvent
changes, with
the biggest change
in the home textiles segment, he said .
florida - based stein mart serves customers in about 30 us states, primarily high - growth states such as its home state as well as in texas, california, and north carolina .
july 2015: a class - action lawsuit was filed against stein mart, inc. for allegedly deceptively comparing its prices to fabricated higher prices in order to make consumers believe that they are saving money by buying its products. (sperling et al v. stein mart, inc. , case no. 15 - cv - 1411, c. d. ca. )
stein mart, inc. (nasdaq: smrt) files an 8 - k departure of directors or certain officers; election of directors; appointment of certain officers; compensatory arrangements of certain officers
but when he opens his mouth, you realize stein is something else: a storyteller. of how his family' s chain of department stores, stein mart, got its name — the first store in greenville, miss. , was called stein' s self service, but when stein' s father jake bought more real estate to make the store bigger, he wanted a new name. stein' s uncle said he had a friend in arkansas named sam walton who was opening stores and calling them walmart .
stein mart is making several adjustments in order to attract more shoppers to its stores. the company is providing more regional fashion such as stocking more colorful, casual dresses in florida and more muted and formal women' s wear in california. stein mart is stocking more athletic - leisure wear (sometimes referred to as athleisure) to partake of the trend toward donning active but comfortable wear in non - athletic situations. furthermore, the company wants to find more
special items ,
unexpected goods at lower prices that lend a
treasure hunt
aspect to stein mart shopping .
stein mart, inc. (nasdaq: smrt) is a national specialty and off - price retailer offering designer and name - brand fashion apparel, home décor, accessories and shoes at everyday discount prices. stein mart provides real value that customers will love every day both in stores and online. the company currently operates 292 stores across 31 states. for more information, please visit urltoken .
it looks so damn good ,
stein says in his slight southern accent .
stein says merchandise quality had deteriorated, and the company was being
impersonalized .
due to the growth, in 1984 stein mart moved its corporate headquarters to jacksonville, fla. , where the growth continued and more loyal customers were gained. in 1992, the company went public .
vendors are invited to refer to our vendor relations website to learn more about becoming a stein mart® vendor, store planning and real estate. also, you can view our vendor code of conduct page here .
historical daily stock prices for stein mart since 1992 adjusted for splits and dividends. open, high, low, close (ohlc) data as well as percentage changes for multiple date ranges. display 20, 50 and 200 day moving averages and export charts as images to use in articles and blogs. the latest closing price for stein mart (smrt) as of july 06, 2018 is 2. 10 .
january 2017: a class - action lawsuit was filed against stein mart for allegedly deceptively advertising pricing discounts by comparing its price to a false market price to make customers think they are receiving a substantial discount when, in reality, they are not. (morales et al v. stein mart, inc. and does 1 - 10, case no. 17 - cv - 159, c. d. ca. )
for a more formal work wardrobe, stein mart’s affordable women’s work attire is exactly what you need. check out our suit separates to create a clean, professional, and contemporary look. pair a blazer with one of our bright fashion dresses or use it to assemble the perfect outfit to transition from work to evening. whatever your work style, visit stein mart where you can save up to 60% off department store prices, every day .
according to mediapost, stein mart spent $ 59. 6 million on advertising last year, up from $ 57. 5 million in 2015. like a lot of retailers, the chain has struggled with sluggish sales recently .
“bohan’s creative roots run deep in the retail sector, and the opportunity to work with a client of stein mart’s caliber is certainly one that we’re excited about, ” said shari day, bohan’s president and chief executive officer .
the chain bills itself as a discount retailer. stores feel like a smaller version of macy' s, but with the kind of prices you' d find at designer discounters such as tj maxx. stein himself compares the company with marshall' s or nordstrom rack. he says pricing strategy is what sets stein mart apart .
later in the presentation, stovall added that while stein mart' s home area is admittedly
going to turn half as fast as women' s apparel, it will be profitable and we think it is worth the investment .
create an oasis in your bedroom with luxurious, affordable bedding from stein mart. we have an exceptional selection of bed comforters, blankets, and pillows in many sizes, colors and prints. find an array of individual comforters, sheets, and pillows, or consider our attractive comforter sets that will keep your bedroom colors perfectly coordinated. our bedding collection also comes in every size from king to twin, for your convenience. upgrade your bedding affordably at stein mart .
“bohan’s creative roots run deep in the retail sector, and the opportunity to work with a client of stein mart’s caliber is certainly one that we’re excited about, ” bohan president and chief executive officer shari day said in a statement .
stein mart makes finding beautiful and affordable decorative accents easy. from artwork to area rugs, our selection of home decorations has something for everyone. uncover items perfect for any room of the house including decorative storage containers and pillows. create a designer bedroom with our array of beautiful products from all your favorite designers. when you’re looking for decorative accents on a budget, come to stein mart, where you’ll save up to 60% off department store prices, every day .
“bohan is a good fit culturally for our organization, and their retail expertise uniquely positions them to understand the stein mart brand, ” added stein mart ceo hunt hawkins, who was officially appointed to that position earlier this year after serving as interim ceo since last september, when former ceo dawn robertson resigned. “bohan has shared interesting insights not only on the dynamic retail industry but also on our customers. we look forward to their creative direction as we move forward. ”
“i believe more firmly than ever if we can cast the stein mart net a little wider, gain the attention of more of our customers’ friends and contemporaries, we will be able to return this company to profitability, ” stovall said .
jacksonville, fla. - stein mart inc. said it is aggressively working to regain the business it lost over the past five years in its home department with a recently embarked its
home reinvent
initiative that is already making progress .
furnish your bathroom with affordable bath décor and accessories from stein mart. our selection of towels are super soft, absorbent, and quick drying, while our comfy bath mats will allow you to comfortably dry off without making a mess. we also have bathroom accessories to add a touch of luxury to your bathroom countertop and our shower curtains will add a touch of style to any bath. transform your bathroom without breaking the bank, with stein mart’s collection of bath accessories and towels .
* subject to credit approval. 10% off account opening offer valid on first online purchase with your new credit card account. excludes stein mart gift cards. in order to qualify for the reward certificate offer, you must make two stein mart or urltoken purchases with your stein mart credit card that posts to your account within the first 60 days of account opening. cash advances, balance transfers, interest charges and fees do not qualify for this offer or reward points. account must remain open, in good standing and not become delinquent at the time the reward certificate is issued. please allow for up to two billing periods after the promotional period ends for the reward certificate to be issued. see rewards terms for details .
selecting a fashionable wardrobe is not easy, but stein mart’s selection of women’s clothing for less can make it much easier. whatever the occasion, we have casual and formal attire that touches on all the current trends. women' s tops are often the cornerstone of any casual outfit and we have a large selection of blouses, sweaters and jackets that’ll provide the foundation for many different looks. and when temperatures cool, our women' s pullover sweaters are comfortable and a perfect match for relaxing at home or going out with friends. for occasions when work attire is needed, stein mart has women' s suit separates that offer a polished, professional look ideal for the office. visit stein mart to find women’s apparel perfect for any event .
stein mart is taking a fresh look at its advertising strategy as it tries to compete in today' s competitive and evolving retail landscape. in february, the retailer named maryanne morin as its new president of merchandising and marketing to oversee all advertising .
stein mart typically targets a well - dressed woman age 35 to 60 who boasts a higher than average income. the company tries to occupy the niche between mall - based department store that charge higher prices and off - price chains which offer lower prices to customers .
one of the great rags - to - riches stories in the history of mississippi business is being told for the first time in the new book “stein mart: an american story of roots, family, and building a greater dream. ” published by the university of tampa press ($ 25 hardback) and written by david j. ginzl, the 172 - page book chronicles stein mart’s rise from one man and his bag of wares to a publicly owned national retailer with more than 260 stores scattered across the u. s .
at stein mart, you’ll find incredible values on designer bedding and bath towels. for the bedroom, we have an excellent selection of bedding from well - known designers, including a selection of linens and accents. choose from a range of designer comforter sets to enhance the look of any bedroom and add a set of lavish cotton sheets that will make you want to stay in bed all day. treat yourself with designer bedding and towels from stein mart, where you can save up to 60% off department store prices, every day .
make your home special with affordable home décor from stein mart. whether you’re working on one room or several, we have a wide selection of home décor that will have you finishing the project with money to spare. create a warm and inviting atmosphere with some of our attractive lighting fixtures or add a splash of color to any furniture with decorative pillows; whatever you choose, you’ll save plenty. finally, dress up walls with wall décor, decorative signs and picture frames featuring memorable moments. stein mart has reasonably priced house décor you’ll love .
from the looks of him, jay stein is a retailer. donning circular tortoise - shell glasses that frame his tanned
in what today would be called a pop - up shop, stein persuaded his father to let him open a temporary store in the closest big city, memphis, for sell - off merchandise .
for one whole week, the town went wild ,
he says .
it was very successful .
that was in 1977. a year later, the store became a permanent fixture and led stein mart' s expansion into a retail chain. stein followed up with a third store in nashville in 1980 .
stein mart offers customers merchandise found in better department stores and specialty stores. unlike other retailers who peddle discounted apparel and accessories, the company offers a merchandise locator services, a preferred customer program, co - branded and private - label credit card programs, and electronic gift cards .
in a move that could offer more incentives to customers and increase loyalty, stein mart, working with synchrony financial, began offering a private - label credit card. the deal also offers a better financial return for the company that its mastercard arrangement with synchrony, which remains in place .
and of being inspired by other retailers — even calling his director of stores gary pierce during his interview with usa today to have pierce tell the story of stein calling him in excitement from an anthropologie in jacksonville, about six months ago after seeing the retailer' s hardwood floors. now the gift departments of newer stein mart stores have hardwood floors, and sales are up 20% there since installing them .
in an attempt to mend this, stein altered its home assortment to include more promotional goods. but the effort backfired .
offer valid online only. ends 7 / 15. discount applied in bag. 25% off clearance shoes. one time use per transaction on clearance items. cannot be combined with other coupon offers on these items. not valid on previously purchased merchandise. not for use by stein mart associates .
stein was born into retailing. his grandfather, sam stein, started the company in 1908 with a store in greenville. by the time jay was born in 1945, his father, jake, was running the store (sam had died in the 1930s) .
you’ll find housewares for every room of your home at stein mart. from functional items like dinner sets and kitchenware to decorations like wall décor and decorative embellishments, we have everything you need to make a house a home. the center of every home is the kitchen, and we have an array of tabletop items including kitchen supplies, table linens, serve ware and more all at great everyday low prices. and when it’s time to give a room that special touch, we have art wall décor and decorative accents perfect for a bedroom, family room or even the kitchen. visit stein mart for housewares to make any room special .
during the mid - tier off - price department store' s presentation this morning at the bank of america merrill lynch 2010 smid cap conference, president and ceo david stovall jr. outlined several steps stein mart has made and is making to improve its lagging home product performance, with special attention on the home textiles categories .
for stein, the business is personal. every customer is sent off from the store with a thank - you note from stein, printed in his handwriting. it reads ,
there is no company more grateful for its friends and customers than we are ...
while at a store in chantilly, va. , for the usa today interview, several employees asked to have their picture taken with stein .
at stein mart®, our buyers are constantly searching the market for the newest and most popular brand name fashion for you and your home. we hunt for surprising finds by up - and - coming designers and one - of - a - kind boutique pieces not found at any other store, and offer it all at incredibly low prices .
march 2017: one of the named plaintiffs voluntarily dismissed his claims without prejudice, the reasons for which have not been disclosed. the claims of the other named plaintiff and the class remain pending. (schuh et al v. stein mart, inc. , case no. 17 - cv - 159, c. d. ca. )
take the worry out of your purchase. if you are not satisfied with an online stein mart purchase, return it with a valid receipt within 60 days. for all other questions about returns, or instructions on how to return your product using our hassle free return label or via the usps, ups or fedex, view our full return policy .
stein is an only child, making the question of who would inherit the family business easy to answer. after graduating from new york university in 1967, stein returned to greenville to work for his father for the next 10 years. but they didn' t always have the same vision for the company .
while the company is taking a conservative approach to growth, stein mart aims to maintain its presence in the southeastern us and in texas. during fiscal 2016, the retailer planned to open 12 stores, relocate two stores, and close one store. the new stores are expected to increase sales an estimated 4% above its comparable store sales increases for the year .
fashion must be able to adapt to the weather and stein mart’s apparel for women can meet any need. during the warm summer months, you’ll find casual styles that include everything from women’s swimwear to capri pants that’ll keep you on trend and looking great. for the latest fashion trends, all year long, our new arrivals section has must have styles at great prices .
stein has been in and out of the ceo spot. he was appointed by the board as interim ceo in 2010 after former ceo david h. stovall retired .
however, as the title implies, the history of stein mart is really the story of a remarkable jewish family. sam stein was born in 1882 in russia, the son of a bakery owner. sam’s father was a magistrate in grodno in west russia, and thus escaped much of the persecution russian jews were experiencing at the time. still, when sam was drafted into the russian army in 1904, as a jew he faced a mandatory 25 - year enlistment and almost certain death as jews were put on the front lines as “canon fodder. ”
today’s stein mart bears little resemblance to the old, primarily due to the vision and drive of jake’s son, jay stein. described by ginzl as a “boy wonder, ” jay had worked at the store as a child, and came on full - time as an adult, becoming president and ceo in 1978. he stressed areas of the business such as customer service, inventory control and sound management, which his father had been less interested. dapper and affable, jay was a constant presence on the sales floor, talking and listening to the customers .
whatever your style, you’ll find your path to success at stein mart. store positions are available in customer service, merchandising, operations, loss prevention and store management. and there are great opportunities available at our corporate headquarters located in beautiful jacksonville, florida. come be part of our shared commitment to satisfy and delight each customer, while we support the growth and happiness of each one of our team members .
like most retailers not named urltoken, stein mart has struggled to cultivate online sales. to remedy that situation, the company launched a redesigned website during the year. it offers a cleaner interface, easier navigation and checkout, and can be used on phones as well as computers. the retailer has room to grow with online sales, considering that less than 1% of its 2016 revenue came from its website .
when he returned to the company, his wife deanie stein told usa today they would tour stores and could
see on (employees') faces how relieved they were .
we have the most loyal base of fans of i think any retailer in america ,
says stein, pointing out the company' s more than 400, 000 facebook
likes .
stein is on the road nearly every week, traveling frequently to new york city and to visit his stores. but he' s not necessarily there to see how things are going .
stein mart, inc. operates retail store chain offering fashionable, current - season, primarily branded merchandise comparable in quality and presentation to that of traditional department and fine specialty stores at prices typically 25% to 60% below those regularly charged by such stores. the company is focused on assorting merchandise that features moderate to designer brand - name apparel for women, men and children, as well as accessories, gifts, linens, shoes and fragrances .
stein mart has maintained growth at a steady if somewhat slow pace. in 2016 (ended january), sales inched up 3% to about $ 1. 3 billion from 2015. that 3% matches the company' s five year average revenue increase. for 2016, the company mustered just a 1% increase in same - store sales on increases in average units - per - transaction and average - unit retail prices, but offset the fewer transactions .
at that point, he also had another goal in mind: become president of the company. stein wanted to join the young president' s organization, a professional group that only admits company presidents younger than 40. this proved an easy feat, having no siblings to fight with about titles, and a father who only cared to focus on the greenville store. stein was 36 when he essentially appointed himself president .
he was not an easy man to work with because he had very strong opinions and because he was a product of the depression ,
stein says .
he clearly wasn' t expansion minded .
nobody would listen ,
stein says .
they didn' t want to. they thought they had a better plan. they were good people; they just didn' t understand the culture .
a: each time you earn a certificate, we’ll include it in your monthly billing statement that you receive in the mail. or, if you’re enrolled in online account management, your certificate will be mailed to you. simply bring it with you on your next in - store stein mart shopping spree and use it like cash. you can even combine it with coupons! note that even though your certificate is included on your online statement you must use the certificate that is mailed to you via the usps .
to maintain traffic in its stores, the retailer lures customers with full - color circulars that are inserted into newspapers and mailed directly to homes. it also leverages direct mail, newspaper run of press advertising, and email to distribute its sales promotion messages. stein mart boosts brand awareness through television and radio ads. online, the company taps digital media vehicles, such as online advertising and social networking sites the likes of facebook and twitter. the company has relaunched a website designed to generate more online sales and store traffic .
stein himself said he felt comfortable with robertson' s appointment as ceo as she has decades of executive management experience in major retailer and department stores. robertson has had previous experience at retailers including old navy and myer stores among others .
stein gave up his year - end bonus last year, distributing it to store employees to use for meals out with each other or other activities. he says his bonus was the thank - you letters he received from customers in the months following his return to the company .
upon sam’s death in 1933, the mantle passed to his son, jake, who took his father’s concept of low - priced merchandise to a new level. a defining moment is when the company formed a relationship with high - end clothing retailer saks fifth avenue, which had a liberal return policy. left with a significant amount of unsold merchandise, saks agreed to sell it to stein mart, which in turned offered it to the public at deep discounts sometimes running more than 75% . the semi - annual events created a feeding frenzy among shoppers, filling the store to capacity, once to the point that the crowd pushed out the front glass .
in addition to merchandising and marketing, morin will be responsible for stein mart' s planning, advertising and e - commerce organizations when she assumes her new position on feb. 6. she has extensive merchandising experience, most recently as chief merchant, executive vice president of lord & taylor and hudson' s bay. prior to this role, morin held several leadership positions within lord & taylor and hudson' s bay, including executive vice president, merchandising, which encompassed all digital categories, as well as senior vice president, general merchandising manager for several merchandising areas. she also served in various product development and merchandising roles at macy' s merchandising group, the echo design group and the may company .
dawn brings with her over 25 years' executive management experience at major retailers and department stores ,
stein said .
with her leadership and industry knowledge, she will help us build on our growth initiatives and bring a fresh focus to our company and merchandising organization that will benefit us immensely .
but when stein saw how much inventory the store received when high - end retailers such as saks fifth avenue and neiman marcus had
sell - offs
of their designer goods ,
i said,' there' s got to be other cities that would like this merchandise, as well.'
now, stein is focused both on rebuilding his customer base since losing shoppers as the company went through three ceos in 10 years before he returned, and expanding his customer base. he plans to open eight to 12 stores next year, many in sunny california. the retailer also launched its first e - commerce site last month .
i can clearly remember myself at the cash register at 10 years old ,
stein says .
it was what you did. i didn' t think there was anything else to do. when you grow up in a small town and your father has a retail store, it' s the center of your life .
in the next 21 years, stein expanded the family business to include 239 stores in 29 states. the company went public in 1992. but after having bypass surgery in 1999, he decided to step down as ceo in september 2001. he maintained his position on the board of directors and meant to act as an adviser. that didn' t go as planned .
headquartered in jacksonville, florida, stein mart is a national retailer offering the fashion merchandise, service and presentation of a better department or specialty store. our focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions, all offered at prices competitive with off - price retail chains. our shopping experience is more upscale than other off - price retailers, with a focus on ease - of - shopping, service and presentation of merchandise by category, brand, style and size. our customer is both style conscious and value seeking with above - average household income. our stores are located in convenient regional, community and neighborhood shopping centers serving a more affluent customer. begun in the early 1900’s as a single store in greenville, mississippi, we operate nearly 300 stores in 31 states, plus steinmart. com .
we’re guided by our founder, sam stein’s, principal of “providing the customer with unique, quality products at excellent prices”. what was true in 1908 is even more important today. our customers count on us for up - to - the - minute brand name fashion for men and women, unique home décor and gifts and the season’s trendiest accessories at up to 60% off department store prices, every day .
from the looks of him, jay stein is a retailer. he dons circular tortoise - shell glasses that frame his tanned face, a blue shirt with a white collar custom - made in hong kong with his initials embroidered on the pocket, a grey flannel suit and preppy bright green and pink - striped tie, a gift from his older daughter, who followed her father' s career and works as a buyer at ralph lauren .
finding the travel arduous and sometimes dangerous, sam began selling his wares from a suitcase on the sidewalk at the intersection of washington avenue and walnut street. there, sam decided to open his first permanent store circa 1908. early records of the company are scanty, but the store was successful, and sam oversaw several expansions. while other jewish merchandisers in greenville catered to a high - end clientele, the store, then known simply as “sam stein, ” remained focused on the type of customers sam had peddled to, offering lower - priced, affordable merchandise to primarily blacks and less affluent whites .
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it’s part of the company’s new marketing strategy to broaden its traditional clientele base to include customers that are more youthful in both age and attitude, said president and ceo david stovall during a quarterly results conference call .
aptly called attitude in the ladies apparel section, the new line of more trendy and youthful clothing will get prominent space on the selling floors of the 276 stores. men’s apparel and accessories will also feature some more modern products .
“sixty is the new 40, ” stovall said. “the 60 - year - old of today won’t wear what their mother wore. ”
the new line is being accompanied by a preferred customer program and a new advertising campaign for tv, direct mail and e - mail .
for more information about stovall and his plans for the company see the march 27 issue of the business journal .
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we traded it down. we went cheaper, went real commodity. the merchandise wasn' t special, wasn' t distinctive ,
he said .
by august, 90% of the home department will be updated and revamped, with
the whole gift and home décor and stationary - all of those businesses back in place ,
stovall continued .
the positive news is that we' ve seen a turnaround already in the home business ,
stovall said .
and it' s been driven by clearing out of all that low - price stuff, but most of it driven by the new receipts .
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stein mart is an american discount men and women 's department store chain based in jacksonville , florida . the company reported a profit of $ 25.6 million in 2013 with operation of 260 stores in 29 states . stein mart has locations primarily in the southeast and texas . stein mart stores carry recent trends in clothing for both men and women . additionally , home décor , accessories , and shoes are all available at discounted prices . 
stein mart is an american discount men and women's department store chain based in jacksonville, florida. the company reported a profit of $ 25.6 million in 2013 with operation of 260 stores in 29 states. stein mart has locations primarily in the southeast and texas. stein mart stores carry recent trends in clothing for both men and women. additionally, home décor, accessories, and shoes are all available at discounted prices.
stein mart is an american discount men and women's department store chain based in jacksonville, florida. the company reported a profit of $ 25.6 million in 2013 with operation of 260 stores in 29 states. stein mart has locations primarily in the southeast and texas. stein mart stores carry recent trends in clothing for both men and women. additionally, home décor, accessories, and shoes are all available at discounted prices.