Stein Mart
American discount department store chain from 1908 to 2020 / From Wikipedia, the free encyclopedia
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Stein Mart is an American discount men's and women's online retailer & former department store chain based in Jacksonville, Florida. Stein Mart had locations primarily in the Southeast, Texas, and California. Stein Mart stores sold recent trends in clothing for both men and women. Additionally, home decor, accessories, and shoes were all available at discounted prices.
Industry | Retail (Department stores) |
---|---|
Founded | 1908; 116 years ago (1908) Greenville, Mississippi, U.S. |
Founder | Sam Stein |
Defunct | 2020; 4 years ago (2020) (retail stores only) |
Fate | Chapter 11 bankruptcy protection in 2020, in response to the COVID-19 pandemic and relaunched as Stein Mart Online Inc |
Headquarters | 1200 Riverplace Blvd. Jacksonville, Florida, U.S. |
Number of locations | 283 (March 2019) |
Key people | Jay Stein (Chairman) David Hunt Hawkins (CEO) Gregory W. Kleffner (EVP, Finance and CFO) MaryAnne Morin (President) |
Products | Boutique, apparel, footwear, linens, and home decor |
Revenue | US$1.36 billion (2016) |
US$3.57 million (2016) | |
US$401,000 (2016) | |
Total assets | US$527.85 million (2016) |
Total equity | US$70.26 million (2016) |
Owner | Retail ECommerce Ventures |
Number of employees | 11,000 (2017) |
Website | www.steinmart.com |
In August 2020, the company announced that it had filed for Chapter 11 bankruptcy due to the COVID-19 pandemic, and that it planned to close all of its 279 stores.[1] Stein Mart continues to operate as an online retailer, which is not related to the former company.
On March 2, 2023, Retail Ecommerce Ventures, Stein Mart's current parent, announced that it was mulling a possible bankruptcy filing.[2]