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Stein Mart, Inc. engages in the retail of fashion merchandise. It offers fashion apparel, home decor, accessories and shoes through online and retail stores. Read More The company was founded by Sam Stein in 1902 and is headquartered in Jacksonville, FL.
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Seeking AlphaMay 22
Stein Mart sees comp sales rising in H2; share +4.5%
Stein Mart (NASDAQ:SMRT) rises 4.5% in premarket trading as the retail chain expects results to improve in H2. “Looking forward, with our 2019 sales-driving initiatives rolling out this fall, we believe that our comp sales trends and results will improve in the second half," said CEO Hunt Hawkins. Sees Q2 results dented by slow selling so far in May and shifting its 12-hour sale event to Q1. Q1 comparable sales decreased 1.7%. Q1 net income of $4.0M, or 8 cents per share, fell from $7.3M, or 16 cents pe...
Stein Mart shares soar 45% after plan to install Amazon Lockers announced
Stein Mart Inc. SMRT, -8.20% stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon.com Inc.'s AMZN, -2.38% Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various locations nationwide, including Whole Foods Market. Amazon has also partnered with Kohl's Corp. KSS, -4.29% for the Amazon Returns program, which is rolling out this summer. Stein Mart stock is up 28% for the year to date while the S&P 500 index SPX, -1.19% is up 14.2% for...
Seeking AlphaMay 21
Stein Mart rockets on Amazon lockers deal
Stein Mart (SMRT +29.4% ) says it will install Amazon Hub Lockers in about 200 of its stores spread across 28 states. The retailer says that during checkout customers will select an Amazon Locker at the nearest Stein Mart as their shipping address. Once their package is ready for pickup, customers will receive an e-mail along with a barcode that they’ll use to pick up their package during store hours at the self-service locker. The Stein Mart lockers initiative is due to begin in June. Source: Press Rele...
$0.08 per share