Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
JACKSONVILLE, Fla., Feb. 23, 2016 -- Stein Mart (NASDAQ:SMRT) announces the locations of its five new stores opening this spring - the first phase of its 2016 store plan to open at least 12 new stores this year. This news follows the company’s recent release of total sales growth of 3.2 percent for 2015.
“We are very pleased with the progress we are making with our store growth. This year’s anticipated store openings will surpass the ten stores we opened last year and nine stores in 2014,” said Jay Stein, CEO of Stein Mart. “We look forward to introducing our current and new customers to these wonderful new locations where they will always find great values on the best designer and name brand merchandise, in an attractive, easy-to-shop setting.”
The spring store group includes the company’s first ever store in Delaware and a second, sister-store to its very successful Naples, FL location. The five new stores which will open on March 10, 2016 are located in:
- Aurora (Denver), CO: Arapahoe Crossing shopping center
- King of Prussia (Philadelphia), PA: West Dekalb Pike and Henderson Road
- Madison, WI: next to West Towne Mall
- Naples, FL: Tamiami Crossing shopping center
- Wilmington, DE: Concord Square
The locations of the seven or more new fall stores, which are scheduled to open in October and November, will be announced this summer.
About Stein Mart
Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. With 278 locations from California to Massachusetts, as well as steinmart.com, Stein Mart’s focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions. For more information, please visit www.steinmart.com.
SMRT-G
For more information: Linda L. Tasseff Director, Investor Relations (904) 858-2639 [email protected]
