shares of Stein Mart Inc (SMRT) on
Stein Mart, Inc. engages in the retail of fashion merchandise. The company is headquartered in Jacksonville, Florida and currently employs 9,500 full-time employees. The firm offers apparel for women and men, as well as accessories, shoes and home fashions. The firm’s target customers are women over 45 years old. The firm operates approximately 280 stores in over 30 states and an Internet store. Its stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. The company is concentrated in the Southeast and Texas where over 180 of its stores are located. The firm’s stores offer a range of services, such as merchandise locator service, a Preferred Customer program, co-branded and private label credit card programs, and electronic gift cards. The firm’s merchants purchase products from approximately 1,200 vendors. The company leases all of its store locations, generally for approximately 10 years with options to extend the lease term for over two or five year periods.